24-04-2018, 07:23 PM
Purpose: To refinance a development site in Newry
This is an opportunity to lend to an experienced development team in order to release equity from a site consisting of 4 land plots located in Newry, Northern Ireland. Newry is 34 miles from Belfast and 67 miles from Dublin. It has a population of around 30,000 and a reputation as one of the best provincial shopping-towns in Northern Ireland
Rate : 12.00% | Term : 12 months
Loan Amount : £150,000.00
Borrower
TBH, because of it being in NI and the fact interest is rolled up, I'm not that interested. However, Blend is definitely worth a look if you are looking to diversify; whilst my investments with them are limited (loan flow has been slow), their comms are excellent, and the loans have a great amount of information to get stuck into
This is an opportunity to lend to an experienced development team in order to release equity from a site consisting of 4 land plots located in Newry, Northern Ireland. Newry is 34 miles from Belfast and 67 miles from Dublin. It has a population of around 30,000 and a reputation as one of the best provincial shopping-towns in Northern Ireland
Rate : 12.00% | Term : 12 months
Loan Amount : £150,000.00
Borrower
- First charge over the development site at Newry with a Gross Development Value of £265,000
- First charge over 2 other development sites northeast of Newry, with a market value of £150,000
TBH, because of it being in NI and the fact interest is rolled up, I'm not that interested. However, Blend is definitely worth a look if you are looking to diversify; whilst my investments with them are limited (loan flow has been slow), their comms are excellent, and the loans have a great amount of information to get stuck into
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