Secured Loan Calsutton Ltd 8% net p.a. Secured First Charge Loan Note

Sutton Wood Barns, Coalport, Shropshire, TF11 9NJ

Here is the opportunity to earn 8% net p.a. by investing in a secured, fixed return first charge loan note, which will help enable the refurbishment of an existing dilapidated farmhouse and the conversion of a range of two storey barns into four residential homes. Projected 12-month term.

12 months Projected term
8% Annual interest
72% Loan to Value
1st charge Security
£50,000 Fund amount
100% Funded
Loan
70 investors

Project Description

Secured Loan

Total Loan
£1,524,025
Total Security
£2,105,000
Borrower
Ruby Renovations Shropshire Ltd
Start Date
17/04/2018
Estimated Term Remaining
Exited

Project Overview

Opportunity to earn 8% net p.a. by investing in a secured, fixed return first charge loan note in Shropshire, West Midlands.

Exit Strategy

The units will be sold on the open market. The development will have all the features that will attract potential buyers such as being close to the historic Shropshire villages of Coalport and Ironbridge, have delightful countryside views and all the character that such old barns naturally provide. Potential exits are contingent upon a successful fundraise and implementation of the business plan.

Sponsor

Calmez are expert property development funders who provide loans and mezzanine funding of up to £3,000,000+ for residential development projects. You can read more about Calmez on our blog by clicking here.

Security Description

Property Type
Development
Tenure
Freehold
Valuation Date
15/12/2017
Valuer
Haslams Chartered Surveyors
Valuation
£2,105,000