Current Lending Opportunities

Project: Priestman Road

Purchase of Tenanted Residential Buy to Let Property

Status: Fully Funded

Location: Newton Aycliffe, Co Durham
Loan Amount: £59,500
Interest Rate: 10% per annum
Term: 12 Months
Loan Purpose: Purchase
Exit Strategy: Refinance at term
Description:
5 Priestman Rd is a 2 bed terraced property in excellent condition. The Borrower wishes to purchase the property with the current tenants remaining.

Funding Status
100%

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Project: North Road

Purchase and Refurbishment of Former Shop with Flat

Status: Fully Funded

Location: Darlington, Co Durham
Loan Amount: £94,000
Interest Rate: 10% per annum
Term: 9 Months
Loan Purpose: Purchase/Refurbishment
Exit Strategy: Refinance at Term
Description:
169 North Rd is a former shop with accommodation which has fallen into disrepair. The Borrower has agreed a purchase price with the owners and plans to restore the shop for his estate agency use and create a separate flat on the first floor.

Funding Status
100%
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Project: Pullman House

Refinance of Freehold Title with 19 Leasehold Flats

Status: Open for Lending

Location: Darlington, Co Durham
Loan Amount: £100,000
Interest Rate: 10% per annum
Term: 9 Months
Loan Purpose: Refinance
Exit Strategy: Refinance at Term
Description:
Pullman House consists of the freehold title over 24 flats, (5 of which are already sold) and the leases for the 19 remaining units. Agreements are already in place with investors to purchase all 19 remaining flats over the coming months.

Funding Status
16%
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