£148,300,268
813,590
£90,245,796
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
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Earn £1m Interest Tax-free, using a simple UK Tax idea.* ISA Basics. What is an ISA? ISA is an Individual Saving Account with TAX-FREE benefits on your earnings. How many types of ISA’s are there?
As Head of Collections for Kuflink, and armed with 30 years of banking experience, I have taken to this department like a duck to water. To get a deal underwritten requires an immense amount of work.Several checks
Kuflink Ltd is authorised and regulated by the Financial Conduct Authority (FCA) (Registration Number 724890). Kuflink Ltd has its registered office at 21 West Street, Gravesend, Kent, DA11 0BF, under company number 08460508. 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.
Kuflink Bridging Ltd is authorised and regulated by the Financial Conduct Authority (FCA) (Registration Number 723495). Kuflink Bridging Ltd has its registered office at 21 West Street, Gravesend, Kent, DA11 0BF under company number 07889226.
Kuflink One Ltd is authorised and regulated by the Financial Conduct Authority (FCA) (Registration Number 922026). Kuflink One Ltd is registered in England at 21 West Street Gravesend, Kent DA110BF under company number 12206864.
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* Capital is at risk and Kuflink is not protected by the FSCS. Past returns should not be used as a guide to future performance. Securing investments against UK property does not guarantee that your investments will be repaid and returns may be delayed. Tax rules apply to IF ISAs and SIPPs and may be subject to change. Kuflink does not offer any financial or tax advice in relation to the investment opportunities that it promotes. Please read our risk statement for full details.
