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.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Information evening held for prospective parents at new primary school on sugar beet siteResidents have been invited to find out more about a new primary school being built near Telford.
Read more »
Seal breaks into New Zealand home, traumatises cat and hangs out on couchWe love the quotes in this piece, which demonstrate a heretofore unknown wry NZ seal-related humour: Seal breaks into New Zealand home, traumatises cat and hangs out on couch
Read more »
Kendall’s Asymmetrical Party Dress Is A Minimalist's DreamKendall’s latest look is the epitome of quiet luxury with a dash of sexy.
Read more »
Britain is home to 'most dangerous city in Europe' - with another coming secondTHE UK is home to the first AND second “most dangerous cities in Europe” according to a recent survey of crime statistics. The study conducted by Expatriate Consultancy advises people l…
Read more »
Rishi Sunak visits Hare Krishna temple near Watford'We invite everyone to experience the hospitality of Bhaktivedanta Manor'
Read more »