Loan

Loan #967521 Poynton, SK12 1PD, United Kingdom

Property location
19 Fir Close Poynton SK12 1PD United Kingdom

Executive Summary

Bluetouch Ventures Ltd brings another exciting opportunity to the platform's investors. They are looking to raise funds against a semi-detached property in the highly desirable Cheshire town of Poynton for a full refurbishment,

Poynton is a picturesque small town with a high street full of places to eat and shop along with multiple other local amenities. And also benefits from being on the doorstep of the National Trust's Lyme Park. Poynton is situated on the fringe of the county's famed golden triangle, an area of affluent small towns and villages in Cheshire, with strong property prices with its location making it great for commuters.

The project developer will carry out a complete remodel, refurbishment and permitted development extension to create a 1250 square foot, open plan, modern family home.

The project benefits from an onward sale pre-agreed to one of their corporate clients. The developer source and acquire properties before completing any necessary works and handing them over. The sale has been agreed for £495,000 on completion of works, providing excellent security on exit.

The agreed sale price will provide a healthy net profit of close to €75,000 and represents good value for an investor to secure a healthy, low risk return on a project with a pre-agreed sale. Bluetouch expects to complete the program of works within 10 months, allowing 4-6 weeks flexibility on the proposed schedule.

Investing FAQ
Loan terms summary
  • Interest per annum 10.00%
  • Fully subscribed 460,000.00 raised
  • Risk class i
  • Expires Closed
  • Target amount €460,000.00
  • Profit share 0.00%
  • Term 11 Months
  • Payment frequency 1 months
  • Loan purpose Bridging
  • Type Bullet i
  • Mortgage rank First Rank
  • Total Loan Cover (TLC) 125.6%
  • Loan To Value (LTV) 79.6% i
  • Location
    United Kingdom
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