Capital is at risk and returns are not guaranteed.
LOAN TERMS Summary: Development of four high quality family houses
Investment Type: Loan (IF ISA applicable)
Raise Amount: £200,000 (min) - £250,000 (max)
Interest payment: 9% per annum pro rata
Interest payment terms: Paid at the end of the project term Projected loan start date: 15th January 2018 Loan term:For up to 9 months repayable on sale. There is an option to repay this project early after 6 months. Minimum Investment: £500 Security:First charge over the property will be taken on behalf of the lenders
Note: The minimum target for this project is set at £200,000. Any shortfall between £200,000 and £250,000 will be made up by the borrower. THE PROJECT
This is an opportunity to invest in a new build project that is progressing well in Ossett. You can see the progress under the Photos Tab and the Documents Tab for this project. The
developer has purchased the Tram Yard which was a tired and run down collection
of dilapidated buildings.
The Sidings development is taking what was the Tram Yard and creating
four beautiful quality detached family homes with private parking on good sized
The Sidings is 500 metres from Ossett Town centre with outstanding
schools and attractions. It’s a great area for families with great private and
public transport links.
The security offered is a first charge to lenders over the property / properties. Further details are available in the Development Summary under the Documents
ABOUT THE BORROWER
MATTHEW (“Matt”) TAYLOR
M.D. of M&H Development Properties, Matt will strictly manage overall
project responsibilities including financials / budgets, material
sourcing / management, legal / contractual aspects and sales / marketing.Matt
Taylor created M&H Developments in March 2013 to further develop
Matt is a business owner and entrepreneur. He is now managing a
portfolio of 4 “Buy to Let” properties (currently in “personal portfolio”) which is set to increase to 5/6 by mid of
2018, 1 development property (residential) completed and sold early/mid 2017 [via M&H P D Ltd.], and 1 development property (commercial) for demolition and conversion to residential (4 x New Builds) for completion and sale early-mid 2018 [via M&H D P Ltd.]. Projected sales turnover of approx. £1.5m and net profit (before tax) of approx. £300,000 by end of FY 2017/2018. 2018 sees
a current pipeline of projects for M&H Developments with an estimated GDV
in excess of £3m.
JAMES (“Jamie”) WRIGGLESWORTH
Site and Project Manager, Jamie has day-to-day responsibility on site including
all contractor/labour aspects, health and safety, quality (including building
control and 10 year building warranty requirements), material / contractor
scheduling etc. As an equity partner, Jamie is incentivised to ensure that the
project is brought in both on time and within budget.
is an experienced Property Developer, Project Manager and fully qualified Electrician (2330) with 20+ years’ experience working in the Construction Industry, Building and Electrical Installations. Equally able to contribute considerably to a professional team environment or operate independently in remote parts of the world without supervision. He has good management and supervisory skills, record keeping and project leadership across the whole range of construction activities with particular expertise in commercial, retail and residential developments, property refurbishment and historic restoration projects and numerous commercial new builds.
Jamie has worked on projects in Ireland, Gibraltar, India and the Himalayas.
TIMOTHY (“Tim”) HYETT
has acted as a primary project consultant during the pre-construction phase,
and is on hand to provide further consultancy if/when required during the
project construction phase.
is a Chartered Building Engineer and Consultant Engineering Geologist. With 25+ year post-graduate construction site experience, he is highly versatile and works with high ethical standards, excellent analytical, numerical & commercial skills and a proven track record of providing technical solutions across a wide range of construction disciplines.
Tim is a highly experienced property developer in his own right. He specialises
in construction, civil engineering, pipelines, tunnelling, wet infrastructure, residential & commercial building works, foundations,high-rise construction, listed buildings, property development, desalination projects, marine works, piling, ground works – for water supply, sewerage treatment, mass transit, electricity and oil & gas distribution. HELENA TAYLOR
closely with Matt and the team, Helena specifically enjoys both the "front
end" (property sourcing and site/unit design) and the "back end”
(interior design and handover). As both a crucial and valued member of the team
she helps to ensure that the M&H Brand delivers every time. With a keen eye
for detail she makes sure everything is “just right” for the new homeowners.