Sourced Capital has announced the closing of its most recent deal which will fund a development loan for two luxury new-build residential properties in Cuddy Hill, Preston.
It has a term of 18 months to accommodate the development and sales periods and a loan to gross development value of 61 per cent.
There has been huge demand for investments from Sourced Capital, which is directly authorised by the Financial Conduct Authority . Since the start of the year, Sourced Capital has originated more than £10 million in loans and expects to lend more than £22m by the end of the year to small and medium sized developers across the country.
“Over the last seven months, we’ve seen a notable increase in demand for these types of property investments and our most recent opportunities have helped to satisfy this demand amongst our qualified investors.”Sourced Capital has returned over £16m of capital and circa £2.77m of interest to investors since its inception in 2019 and has now funded more than £32m of loans for property developments across the UK.
Belgique Dernières Nouvelles, Belgique Actualités
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