Glenruthven Mill
Earn 16% p.a. secured on property. ISA eligible.
Repayments of interest
Interest is paid on the capital invested in accordance with the stated Repayments. The capital is repaid as a lump sum at the end of the term.
Don’t invest unless you’re prepared to lose money. This is a high risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. Take 2 mins to learn more.
The closing is the 27th November 2024, invest by then to start earning interest from the 29th November 2024.
Earn 16% p.a. secured on property. ISA eligible.
Interest is paid on the capital invested in accordance with the stated Repayments. The capital is repaid as a lump sum at the end of the term.
Glenruthven Mill Development Ltd would like to borrow a total of £327,000 via a PDL loan to fund the development of seven houses in the village of Auchterarder in Scotland. The Loan is classed as a PDL Develop product because the funding will be used to part finance the project through the construction phase of the project.
How investing in the Glenruthven Mill P2P investment works
The investment offers 16% p.a. over a 15 month term with interest paid at the end of the term. The funding will be mezzanine funding to top up senior lending from SPF Bridging. It represents a LTGDV of 67.27%.
Giving you better security on your investment
The investment benefits from multiple layers of security. First, a second ranking debenture over the assets, property, and undertaking of the Borrower.
Second, a second ranking legal charge over the Property of the Borrower. Third, there will be a personal guarantee provided by the Guarantor(s).
Finally, the principal amount of the aggregate of all Loans and the loan advanced by the Senior Lender used to fund the development, is not greater than 68% of the Gross Development Value of the property development.
So how much interest will I receive?
It’s simple – if you invest £1000 (for example) you receive £200 interest and capital at the end of the 15 month loan term. Interest is paid directly into your account on the Crowdstacker P2P platform or your bank account. Take a look at our interest calculator below to work out what your specific investment could yield.
Can I hold my investment tax efficiently?
At Crowdstacker we offer two accounts which offer you tax efficient benefits:
Crowdstacker Innovative Finance ISA - pays interest gross and allows you to earn interest tax-free. You can invest up to £20,000 in this tax year 2024/25.*
Crowdstacker P2P Account - pays interest gross and is eligible for up to £1,000 tax-free interest under the Personal Savings Allowance.*
*Please note tax benefits are subject to your own personal tax status.
More about the development
The 3.1 acre site is in Auchterarder, a town in the Perth and Kinross area of Scotland, and famously home to the Gleneagles hotel and its golf courses. The town, including its mile long main road, provides many day-to-day amenities, and also close access to Perth and Stirling. The development is for seven houses - six will have five bedrooms and one will have four bedrooms. All will be detached, they will include integral garages, and a good size private garden. The construction will use an array of sustainable and low carbon technologies including heating and hot water supplied by air source heat pumps, and triple glazing.
More about Crowdstacker
Crowdstacker is an award-winning P2P investment and ISA provider, bringing you handpicked investments, many of which offer a social or community benefit.
Please note the target raise will be filled on a first come first-served basis.
Your capital is at risk when you lend to businesses.
The closing is the 27th November 2024, invest by then to start earning interest from the 29th November 2024.
Six great reasons to lend to Glenruthven Mill Loans.
How secure is my investment?
What interest rate will I receive?
How often will I receive interest?
How long is the investment for?
What is the market opportunity?
Are there any added benefits?
These are the questions we're asked most often, and our answers.
If you can't find what you're looking for, ask us a question and we'll get back to you as soon as we can.