Secured Loan Calmez Borrower - East Wittering 8% net p.a. Secured First Charge Loan Note
East Wittering, West Sussex
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 and new build extension to an end of terrace retail and residential property to create 6 flats with a commercial unit below.
Loan
110 investors
Project Description
Secured Loan
Project Overview
Opportunity to earn 8% net p.a. by investing in a secured, fixed return first charge loan note in East Wittering, West Sussex.
Exit Strategy
The units will be sold on the open market. Local agents predict strong interest from potential buyers for such a high quality new development of flats with likely interest to come from first-time buyers, downsizers and investment/second home buyers. The developer will be applying for the government Help to Buy incentive funding which will provide an additional attraction for buyers. Potential exits are contingent upon a successful fundraise and implementation of the business plan.