76-78 High Street, Braintree
Property name: 76-78 High Street
Property type: Flats and Houses
Property age: c17th Century with later additions
Market type: Young professionals
Description: The main part of the property was built in the 17th Century of timber framed construction under a pitched tiled roof. There is a 15th Century wing to the rear and the shop fronts were added c19th Century.
|Issuer:||CL Number Twenty Nine 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||100 Bonds of nominal value of £1,000 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||12 months after allotment (being the latest date at which the Bonds should be redeemed)|
|Minimum Accrual Period||1 months after allotment (being the minimum period for which the Issuer must pay interest prior to redeeming)|
|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 Braintree Development Ltd to enable it to purchase and develop the property at 76-78 High Street, Braintree, CML 1JP|
|Security||The Company shall secure its Loan to Braintree Development Ltd by way of a 2nd Charge on the property and a debenture over all the assets and undertakings of Braintree Development Ltd.|
|Documentation||Bond Instrument and this Term Sheet|
|Investment Period||12 Months|
|Target Total Return||16%|
|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.