We are delighted to bring you our latest secured loan note, Smithfield Square. This opportunity enables you to invest alongside the developer for an anticipated term of 30 months, whilst generating returns of up to 9% on your monies invested.
You can choose to receive your interest at 9% per annum, payable upon redemption, or receive your interest bi-annually at 8% per annum. . . perfect for those seeking income.
The total raise for this secured loan note opportunity is £3.5m, which will be secured by way of a first charge over the development land asset. The land has a Savills valuation of £4.6m and Smithfield Square as a whole has a Gross development value of £32.8m. The purpose of the loan is provide the developer with land finance and working capital during the planning process.
Smithfield Square is prime location within the overall £1.5 billion regeneration of the Smithfield masterplan. The site will house 117 new build apartments in collaboration with Lendlease. Please see the video below from Prosperity, to give you an idea of the extent of the exciting regeneration taking place.
The loan note is available via cash or ISA - £10,000 minimum investment for ISA investors and £25,000 minimum amount for cash investors.
This is an excellent short-term investment option for investors who have money in the bank or have invested in an ISA making very little by way of returns in today’s low interest rate environment. It is also perfectly suited for those who like the concept of property investment but have chosen not to invest.
Keep reading to find out more about what makes the loan note such a great investment. . .
Reasons to Invest
- Capital raise of £3.5m;
- Earn 9% on your investment per annum, payable upon redemption, or 8% payable bi-annually;
- Earn early bird interest of 4% during the capital raising period;
- IFISA eligible;
- Anticipated 30 month investment term;
- Security by way of a first charge over the assets of the development land;
- Land valued at £4.6m by Savills and a Gross development value of £32.8m;
- Rigorous due diligence process undertaken by a solicitor.
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