A new loan for a 10-bedroom conversion project of a property in Birmingham, United Kingdom, is live from Wednesday the 31st of March at 11.00 CET on the Max Crowdfund platform. The loan is backed by a first charge on the mortgage and a personal guarantee of the fundraiser. For this loan, the risk class is C, which means that this is a relatively low-risk loan.
The opportunity here is currently a detached commercial property and the intention is to convert from office use to residential use in order to provide an asset which provides a great financial uplift and a long-term investment vehicle. To realize this the fundraiser Micky Singh is looking to raise €350,000 for a period of 18 months.
Antwerp Project 25%+ Subscribed
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Cube Investment is looking to finance the purchase and renovation of a complete mansion consisting of 5 apartments located 200 meters from Antwerp’s central station. The property can be purchased significantly below its current market value. The apartments are currently rented out, and the property requires maintenance.
The plan is to completely renovate the property, giving up one of the current apartments to serve as storage space for the other apartments. Financing of € 975,000 is sought for the purchase and complete renovation of the property to cover the purchase and minimum work required.
The target amount of €975.000 has a term of 20 months. The interest per annum is 8% and will be paid out every month. The loan is backed by a first charge on the mortgage and additional securities. For this loan, the risk class is C, which means that this is a relatively low-risk loan.
At this moment, the Belgium project is subscribed for more than 25%. Don’t miss this out!
Written by: Jan Angel