8% Fixed Rate Investment

Yes we have. 3% on all funds allocated to an investment until it is concluded (i.e. the shares/loan notes are issued) 

Thanks guys

I'd like to say, we did. But, that was even quicker than we envisaged too!

If anyone missed out and would like to invest, please drop me a line at andrew@propertymoose.co.uk before 5pm tomorrow as we do have the ability to extend the raise. Due to the additional resource that will go into extending the raise, we would have to set the minimum investment at £1,000 though. 

Thanks to everyone that invested and keep an eye out on the site for more exciting opportunities coming soon....

Andrew

Hi all.

Just a heads up that we launched our first development opportunity earlier this morning (7am). It is a co-investment in a £31m GDV development in London alongside other institutional and  UHNW investors being managed by a large private equity firm. 

You can find the link here - propertymoose.co.uk/app/property/73

As always, any questions please get in touch at andrew@propertymoose.co.uk

Have a great weekend.

Andrew

Hi J

As with any development project, the risks attached are reflected in the potential returns. That being said, this is a PE deal alongside institutional investors and the deal is oversubscribed. We have a good relationship which is why we can secure this tranche (and potentially a little more). 

In terms of the downturn, there are a number of aspects which give comfort in my opinion:

- the target market is set at the sub-£700 per sq ft which may be less affected by the downturn than post-£700 sqft areas. There was an article today about how there is a sudden influx of investors into London chasing the cheap £. 

- extra-care may be less affected by any downturn as they are targetted at the older generation who are likely to be downsizing and, probably, have significant capital growth already secured in their properties. There appears to be a large demand based on the demographic data and planning permissions in place

- our base case uses 2% HPI growth as an assumption. The Savills valuations predicts 4% for that area. 

As with everything, diversification is key and our development deals should form part of a balanced portfolio. What we are trying to do is offer a range of opportunities across the value/risk chain to help our investors achieve this. 

Kind regards

Andrew

Hi All

Just to let everyone know that we have just released our latest loan note product after the success of July's release. This will, again, pay 8% p.a. interest with the funds being used for onward bridging loans at a maximum LTV of 70% and secured with first charges and personal guarantees where we feel they are applicable. 

You can read more about it here - propertymoose.co.uk/app/property/76 - including the team we have in place to manage this side of the business. 

As always, any questions please shout. 

Have a great weekend. 

Andrew

Thanks for the query. The loan notes will be tradable on the secondary market. The way the market is set is that you can sell your shares/investments for whatever price you like - that is your choice and the market will then dictate whether that price is acceptable. 

Hope that helps but please let me know if I can assist in any other way.

I would hope that it will be live by early/mid-September. There are still a few moving parts on the structure and legal sign off and the tech development is 95% built. Next stage is testing which will take a couple of weeks.