£175,989,819
869,141
£115,797,859
£175,989,819
869,141
£115,797,859
Following a site visit by our independent surveyor, we’re ready to release the 3rd tranche of this loan, a further £99,991.12.
At the time of inspection by our surveyor, site clearance had been undertaken. The foundations had been installed along with the brickwork up to damp course. Some drainage has been installed, structural elevations are underway and scaffolding is being erected.
Our borrower has worked in construction for the last 23 years and has previously undertaken several similar ground-up projects.
Our loan will total £552,500.00 against a gross development value of £1,000,000.00, giving a LTGDV of 55.25%.
This is a 15 month term and exit will emanate from refinance.
OPEN MARKET VALUATION
£99,991.12
LOAN ADVANCE DATE
08-02-2021
KUFLINK BRIDGING STAKE
£4,999.56
LOAN END DATE
18-01-2022
GROSS DEVELOPMENT VALUE
£1,000,000.00 (LTGDV: 55%)
LOAN EXPIRES IN
LOAN EXPIRES IN
SECURITY
TENURE
Freehold
LOAN RATING:
A3
This loan rating system is designed to indicate the risk level of each investment opportunity. As a guide, an A1 loan is considered to be low risk and a C3 loan is considered to be higher risk.
The level of risk is determined using an algorithm that measures numerous variables such as the LTV, the location of the security property, the borrower’s credit score, the legal charge that we hold over the security and more.
In this section you will see updates on the performance of this loan. There are no updates at the moment. Please check again soon for more information.
SECURITY
First Legal Charge
REPAYMENT HISTORY
Good, clean credit score
VALUATION CARRIED OUT BY:
Bruton Knowles
VALUATION REPORT
VALUATION DATE
03-02-2021
SOLICITORS APPOINTED:
Following a site visit by our independent surveyor, we’re ready to release the 3rd tranche of this loan, a further £99,991.12.
At the time of inspection by our surveyor, site clearance had been undertaken. The foundations had been installed along with the brickwork up to damp course. Some drainage has been installed, structural elevations are underway and scaffolding is being erected.
Our borrower has worked in construction for the last 23 years and has previously undertaken several similar ground-up projects.
Our loan will total £552,500.00 against a gross development value of £1,000,000.00, giving a LTGDV of 55.25%.
This is a 15 month term and exit will emanate from refinance.
OPEN MARKET VALUATION
£99,991.12
LOAN ADVANCE DATE
08-02-2021
KUFLINK BRIDGING STAKE
£4,999.56
LOAN END DATE
18-01-2022
GROSS DEVELOPMENT VALUE
£1,000,000.00 (LTGDV: 55%)
LOAN EXPIRES IN
LOAN EXPIRES IN
SECURITY
TENURE
Freehold
LOAN RATING:
A3
This loan rating system is designed to indicate the risk level of each investment opportunity. As a guide, an A1 loan is considered to be low risk and a C3 loan is considered to be higher risk.
The level of risk is determined using an algorithm that measures numerous variables such as the LTV, the location of the security property, the borrower’s credit score, the legal charge that we hold over the security and more.
In this section you will see updates on the performance of this loan. There are no updates at the moment. Please check again soon for more information.
SECURITY
First Legal Charge
REPAYMENT HISTORY
Good, clean credit score
VALUATION CARRIED OUT BY:
Bruton Knowles
VALUATION REPORT
VALUATION DATE
03-02-2021
SOLICITORS APPOINTED:
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Kuflink Ltd (Incorporated in England & Wales: Co. No. 08460508) is authorised and regulated by the Financial Conduct Authority (FRN: 724890), as an Online P2P Platform. Registered office: 21 West Street Gravesend, Kent DA110BF. Kuflink Ltd has been approved by the Board of HM Revenue and Customs to act as an ISA manager in May 2017 to offer Innovative Finance ISAs – ISA manager No – Z1943.
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Kuflink Bridging Ltd (Incorporated in England & Wales: Co. No. 07889226) is authorised and regulated by the Financial Conduct Authority (FRN: 723495), as a Lender for Unregulated Bridging Loans. Registered office: 21 West Street Gravesend, Kent DA110BF.
Borrower 1 Risk Warning
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Borrower 2 Risk Warning
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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR OTHER LOAN(S) SECURED ON IT.
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