The Crosby Hotel

Type: Loan Notes

This is a first charge development loan to fund the repurposing of an existing commercial unit into 9 apartments. Planning permission has been granted. The investment is a fixed 10% interest loan, with deferred repayment until the end of a 12-month term.

Minimum Cost of Entry: £250
Reasons to Invest:

Earm a fixed interest of 10% over a 12-month term with first-charge security.

Asset:

This is a first charge development loan to fund the repurposing of an existing commercial unit into 9 residential apartments. Full planning permission has been granted. The borrower is looking to raise the remaining capital to complete the purchase and commence works.

Income:

10% interest with deferred repayment until the end of a 12-month term and a 2% cashback bonus on investments over £25,000.

Exit:

The loan will be repaid at the end of the 12-month term. The borrower intends to market the apartments off-plan to local residents, but has been preapproved for a remortgage and will let the properties out on a buy-to-let basis should the sales take time.

Other Details:

All loans made through the Platform are secured against UK property, however your capital is at risk. You should not invest more money through the Platform than you can afford to lose. In the event you suffer a loss of capital, you are not entitled to compensation from the Financial Services Compensation Scheme (FSCS).

Company Information:

Sourced operates a franchise business, where local partners are trained how to identify investments and bring them to market. There are nearly 50 franchisees in the network, making it one of the largest of its kind. All peer-to-peer investments on the platform are sourced by franchisees, supported by the head office team.

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Alternative Marketplace is operated by On the Move Ltd, UK company number 3871784. On the Move Ltd is not directly authorised or regulated by the Financial Conduct Authority, nor an appointed representative of any company whose products feature on this site. Neither the website nor its contents should be construed as advice or any form of recommendation to any individual or entity that may be considering their investment options.

Non Readily Realisable Securities

Alternative Marketplace has determined that this listing relates to an investment in a Non Readily Realisable Security. This category of listing includes Bonds, Mini Bonds, Loan Notes, Debt Instruments, Unlisted Shares and "Asset Backed" Indirect Property Investments. Any marketing promotion for this product is specifically not directed to clients in the UK other than Exempt Investors and Self-Certified Restricted, High Net Worth or Sophisticated Investors.

This provider of this product is Sourced, registered in England with company number 656344. You can write to them at Unit 5, Turnstone Business Park, Mulberry Avenue, Widnes, Cheshire, , WA8 0WN The content of this page has been approved for the purposes of section 21 of The Financial Services & Markets Act 2000.

Sourced is the trading name of Jark-1 Limited which is an Appointed Representative (826510) of rebuildingsociety.com Ltd, a firm authorised and regulated by the FCA under firm registration number 656344.

All investments carry an element of risk, which may stem from their illiquidity, leverage, investment horizon and general risks associated with investments. These risks include capital loss , dilution of shareholder value, that dividends will not be declared, and illiquidity risk due to the absence of a viable secondary market for a particular product. The value of investments may rise or fall due to the volatility of world markets, interest rates or changes in the rate of exchange for the currency in which the investment is denominated. Some investments can experience significant volatility and value fluctuations in a very short space of time, which may present an increased risk of losing your original capital.

Any illustrations or references to the past performance of a particular investment or an asset class are not necessarily a guide to its performance in the future. With any investment, you may not necessarily get back the amount you invested, particularly if you need to redeem your investment at short notice. Therefore any investment should only be made after seeking the advice of an appropriately authorised or regulated financial advisor.


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