CC DEV 1 Re-Listing 8% net p.a. Secured, Fixed Return Loan Note

16 Beaumont Road, St Judes, Plymouth, Devon, PL4 9BN

Fixed return loan note which will enable the refurbishment and sale of a 5-bedroom mid-terrace house in St. Judes, Plymouth. The property is in need of modernisation and is currently being refurbished to a high-quality standard. The developer is raising additional funds for this project due to extra works of which have been carried out in order to improve the saleability of the property, such as the creation of a second en-suite and improvements to the first floor roof garden.

7 months Projected term
8% Annual interest
79% Loan to Value
2nd charge Security
£22,000 Fund amount
100% Funded
Loan
46 investors

Project Description

Secured Loan

Borrower
CC DEV 1 Ltd
Solicitors
Bird & Co Solicitors
Start Date
19/12/2018
Estimated Term Remaining
Due

Project Overview

Fixed return loan note which will enable the refurbishment and sale of a 5-bedroom mid-terrace house in St. Judes, Plymouth. The property is in need of modernisation and is currently being refurbished to a high-quality standard. Total Loan: £147,190. Loan Available: £22,000

Exit Strategy

Sale of the property on the open market once the scheme of refurbishment works have been completed.

Security Description

Property Type
House
Tenure
Freehold
Valuation Date
13/11/2017