22 Hillside Road
Funded
Total Fund
Property name: West Hampstead, 2nd Charge
Address: 22 Hillfield Road
Property type: Flat - Purpose built
Property age: 2000+
Market type: Young professionals
Description: The property is situated within easy access of Finchley Road and within walking distance of Kilburn Tube Station and West Hampstead Railway Station
Issuer: | CL Number Twenty Eight Limited registered in England and Wales with company number 11465461 whose registered office is at Lance Levy Farmhouse, Wildmore Lane, Hook, Hampshire, RG27 0HB |
Amount | 460 Bonds of nominal value of £250 each |
Interest Rate: | Projected 13% 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 | 12 months after allotment |
Minimum Accrual Period | 6 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 Sky Meridien Limited to enable it to complete the conversion of 22 Hillside Road, West hampstead, NW3 5HG |
Documentation | Bond Instrument and this Term Sheet |
Governing Law | English |
Investment Period | 12 Months |
Target Total Return | 13% |
Target Annualised Return | 13% |
Returns not guaranteed |
Market Sensitivity – the less the return is impacted by changes in Market prices, the lower the riskWe combine these into a weighted rating between A and E and show how the Risk / Return compares with what we would expect.
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.
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