15-17 Bridge Street, Stockport
Property name: 15-17 Bridge Street
Property type: Flats and Houses
Property age: 1900
Market type: Young families and professionals
Description: Stockport is a large town in Greater Manchester, 7 miles south-east of Manchester City Centre, and is the largest settlement in the Metropolitan borough of Stockport.
|Issuer:||CL Number Twenty Eight Limited registered in England and Wales with company number 11577019 whose registered office is at Lance Levy Farmhouse, Wildmore Lane, Hook, Hampshire, RG27 0HB|
|Amount||130 Bonds of nominal value of £500 each|
|Target Interest Rate:||Projected 16% per annum, simple interest (basic rate tax deducted at the source)|
|Interest Payment||All accrued interest to be paid in one lump-sum on the Maturity Date|
|Default Interest Rate||3% above the Interest Rate, but subject to recovery of the same under underlying Loan|
|Maturity Date||8 months after allotment|
|Minimum Subscription||1 Bond|
|Purpose||The proceeds of the Bond issuance shall be used by the Company to participate in a Loan as a lender to Elliot James Developments Ltd as part of a development loan, to complete the development at 15-17 Bridge Street, Stockport, SK1 1XR|
|Security||The Company shall secure its loan to Elliot James Developments Ltd by way of a fixed and floating debenture over all the assets and undertakings of Elliot James Developments Ltd along with a Personal Guarantee from the Director|
|Documentation||Bond Instrument and this Term Sheet|
|Investment Period||8 Months|
|Target Total Return||10.7%|
|Target Annualised Return||16%|
|Returns not guaranteed|
The blocks shown in the "Risk Analysis" chart illustrate the CrowdLords Risk Rating. It shows where the investment lies on our internal Risk Return Profile. It is our opinion only and should not be taken as a recommendation.
We rate Risk across 5 parameters and grade them as being A, B, C, D or E. A being lower Risk according to our criteria.
We have given this project a score of A, which we believe reflects lower returns balanced against generally lower risk. You should judge the risk for yourself using the information provided and your own investigations.
Market Sensitivity – the less the return is impacted by changes in Market prices, the lower the risk
Cost Sensitivity – the less the return is impacted by any increases in cost, the lower the risk
Time Sensitivity – the less the return is impacted by any extensions to the time line, the lower the risk
Minimum Preferred Return – the higher the minimum preferred return as a proportion of the projected return, the lower the risk
Track Record – the greater the experience of the Developer, the lower the risk.