North Rd Project is Closing Soon – Over 80% funded

Hurry before this loan offer closes

Our North Rd loan project is over 80% funded.

The property is a former shop with living accommodation above which has been poorly converted to fully residential and is in need of full refurbishment. The Borrower intends to restore the property to its previous use as one retail unit on the ground floor and one self contained 2 bed apartment on the first floor. The aim is to create one freehold with two leasehold properties, the shop and the first floor flat.

10% pa for 9 months secured

Outline planning permission has now been granted to return use to mixed use: retail & residential. Town planners are keen to see the property refurbished and no longer an eyesore in the otherwise well kept local community.

The Borrower will also be the tenant of the ground floor retail space for a new branch of his local estate agency business.

There’s currently only £18,000 left for lenders to take this opportunity to earn 10% per annum for 9 months.

Join Crowdahouse today to take advantage of our loan opportunities

If you’re not already a member of Crowdahouse you can register here

Crowdfunding Property: Why Don’t Banks Buy Their Own Property?

Because Lending Based on Past Performance is Far Safer

“Past performance is not an indicator of future returns”

How many times have you seen that important caveat on investment advertisements?

Past performance is not an indicator of future returns, right? With P2P Lending It Can Be

What happened in the past is no indicator of what may happen in the future. Well, that is absolutely true if your predictions for the future are based entirely on guess work like most investments actually are. The capital price growth of properties, the ability to let a property, the income from rental, inflation rates, voids, management costs, maintenance and repairs – the list of guesses needed to price the ‘hoped for’ returns on an investment property purchased for rental and capital growth is very long indeed.

To qualify these investment decisions the past simply cannot be used as an indicator for the future returns on investment. This is why regulators the world over insist that advertisements carry this disclaimer. But the same is not true of bonds or other contractual obligations. The future return on investment of a contractual return should always be the same as stated in the contract. That sounds a little obvious, but sometimes the obvious needs a little thought.

For example, if a contract states that the borrower will pay 10% per annum for 9 months then the lender knows from the outset exactly how much return he or she will get. Of course, if the borrower were to default then the contractual rate might not get paid. That is why lending institutions the world over seek collateral to a value higher than the loan in order to ensure that, in the unlikely event that a borrower defaulted on their contractual payments, the asset (in our case a property) can be used to recover the loan and any interest due.

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Crowdahouse Co-founders Seek Threesome?

A very short post today. Maybe you can fill in the rest of this story?

Crowdahouse has big plans and we’re looking to add a third partner to our co-founders and work with our established team.

This is a not a job, this is a challenge.

Here for more.

 

Is P2P Lending Really a New Asset Class?

Well, BigFi Needs the Answer

Literally every day there are more and more news stories about P2P lending and the importance of the new fintech platforms in altering the shape of the economy.

Normally, a good article on one of the leading fintech websites will justify a comment or retweet, but every now and then someone writes a piece that stands out from all the noise that inevitably comes with a fast growing emerging market.

Writing in Altfi this week James Levy covers a key element of the new market for alternative finance and asks:

‘Is Marketplace Lending Really a New Asset Class? (And Why This Matters)’

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Equity or P2P Property Investment – Which is Best?

There’s so much information out there on the currently hot topic of property crowdfunding platforms, yet with everyone touting their model as ‘the best’, the key differences between peer to peer (P2P) lending and equity crowdfunding may not be that obvious. As an investor or lender you need to make sure that you are aware of the risk and rewards involved in both types of crowdfunding.

So here are the pros and cons of each. Of course, each lending platform offers a different solution and terms, so please check carefully and seek independent advice before making any investment.

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Q&A with a Crowdahouse Member

We were recently asked some good questions by a new Crowdahouse Member which I thought would be useful to share with you here. Although detailed answers can be found in our FAQs, we realise that you may not have the time to read through them all. So here are your fellow Member’s questions and my answers.

How safe are the Crowdahouse Borrowers?

The Borrower must be a limited company or High Net Worth Individual (HNWI), and provide a property as security in the form of a first charge. The Borrower must also provide answers to a lengthy application form, after which all the information is thoroughly checked by us and the solicitors representing the crowd of Lenders. We turn down all projects that do not meet our strict requirements or that we regard as risky and unsuitable for our Members. And in the unlikely event that the Borrower misses a payment or defaults on the loan, then our proprietary Lenders’ protection system called Crowdasafe™ steps in to administer the property on behalf of you and your fellow Lenders. Any property income is diverted to pay your interest, or if necessary the property will be sold on your behalf to recover your money and any costs.

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Contact Crowdahouse here