Answer:
13% p.a. over 20 months. Use the calculator for an indication of how much interest you could receive.
Once, at the end of the 20 month loan term.
The minimum investment is £100.
PDL loans have a strict target raise, which means the close date stated on the website is subject to change should the maximum investment be reached before this date.
All applications will be processed on a first come, first served basis however, this does not guarantee that your order will be accepted if the Borrower has met the target raise.
To part-fund the development of eight apartments built over three floors near Maghull, Sefton in Merseyside.
You may be able to invest via a Small Self-Administed Scheme (SSAS) or a Self-Invested Personal Pension (SIPP). Please call us on 020 7118 7570 for more information.
All of the investments listed on the platform can be held in a Crowdstacker Innovative Finance ISA, allowing you to earn interest tax-free (subject to your own tax status).
The borrower is Cavanagh Builders Ltd.
Crowdstacker is an electronic lending platform, authorised and regulated by the FCA. Crowdstacker matches companies seeking to raise finance with lenders like you, seeking to invest money.
Your funds will be covered by the FSCS while Crowdstcker holds your money, processes funds, and services your client account. Once your funds are released to the borrower, the FSCS protection ends and the investment security package takes effect.
While your money is on deposit before the loan offer period closes, it will be kept in a separate client bank account at Lloyd’s Bank Plc. This account is covered by the Financial Services Compensation Scheme up to £50,000 per investor.
When your money is lent to Cavanagh Builders Ltd, it is secured via a 4 step security package, including a second-ranking debenture over Cavanagh Builders Ltd and a personal guarantee from the Guarantor(s). For full details please download the brochure.
The interest is paid gross.
If you decide to invest, you will need to complete the online application in the normal way. Be sure to press ‘submit investment order’ at the end of the process to ensure that your order has been placed and you will be given an order reference on screen, plus an email from us confirming the order is placed.
If your application is accepted, you will receive a further email of completion followed by your Key Commercial Terms on the relevant commencement date. If we are unable to accept your investment offer, we will contact you and let you know.
Due to the nature of PDL loans, close dates and commencement dates can change, meaning they can sometimes commence slightly earlier or later than anticipated. This is often due to the completion of legalities by the senior lender taking longer than anticipated and is no reflection on the Borrowing business.
From a loan perspective, you will earn interest from the date of commencement and as specified in your Key Commercial Terms. Any delays in commencement does not change the structure of the planned project as a whole. If there is a delay of completion of 4 weeks or more, we will write to you and let you know.
Your capital and interest will be paid to either your Crowdstacker account or bank account (dependent on your account settings). If repayments are outside the normal payment schedule, capital and interest will automatically be paid to your Crowdstacker account.
When you invest, you commit to the term as specified in the information brochure. However, due to the nature of PDL loans, you may get paid back slightly earlier or slightly later than the term specified in your Key Commercial Terms. This is because, the Borrower pays you back after the senior loan is repaid, and every time they sell a property. This is standard practice for property development loans.
