PROPERTY investment opportunity
Unlock the power of peer-to-peer lending with our latest investment opportunity.
The Compasses Inn, Holbrook
Launching On 19th November at 11am
Loan Details
Total P2P Loan: £791,500
Gross Development Value (GDV): £1,185,000
Loan to GDV (LTGDV): 66.79%
Term: 18 months
Project Overview
The borrower on this project requests funding to assist with the cost of purchasing and converting the former Public House known as Compasses Inn, Ipswich Road, Holbrook, Suffolk. The initial drawdown against the proposed Sourced Capital loan will be used to support the purchase, at which point full title to the property will be held by the borrowing company. Currently vacant, the property is being acquired with the benefit of implementable planning permission for the conversion to provide 3 residential dwellings. 2 x 3-bed homes and 1 x 1-bed dwelling.
Upon completion of the conversion, the primary exit strategy for repayment of the loan is by marketing the properties for sale by private treaty on the open market and to use the sales proceeds to fully repay the Sourced Capital loan (all capital and interest).
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