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

39 Trevarthian Road, St Austell, Cornwall, PL25 4BT

Secured, fixed return loan note which can enable the refurbishment and sale of a 3-bedroom semi-detached house in St. Austell, Cornwall. 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 as they have decided to convert the loft space in order to provide additional accommodation. They have been advised by a local agent that the conversion may increase the GDV (Gross Development Value) and saleability of the property.

6 months Projected term
8% Annual interest
81% Loan to Value
1st charge Security
£15,000 Fund amount
100% Funded
Loan
20 investors

Project Description

Secured Loan

Available Loan
£15,000
Total Loan
£162,150
Borrower
CC COR 1 Ltd
Solicitors
Bird & Co Solicitors
Start Date
19/12/2018
Estimated Term Remaining
Due

Project Overview

Secured, fixed return loan note which can enable the refurbishment and sale of a 3-bedroom semi-detached house in St. Austell, Cornwall. The property is in need of modernisation and is currently being refurbished to a high-quality standard.

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