Property Type – 3-Bed Terraced House Project – Full refurbishment Loan Required – £26,000 Term – 3 months Interest Payable – 10% PA (pro-rata) Payment Terms – Loan and interest to be repaid at the end of loan term Borrower – The borrower is Davin Poonwassiewho is also a co-founder of this platform. This is a vanilla project for Davin having done many similar ones in the past.
THE PROJECT The house needs to be completely refurbished. The project will take the shell back to brick in places, resolve the damp issues and redecorate throughout. The garden will also be cleared and tidied up.
ABOUT THE BORROWER
Davin was first introduced to Crowdfunding in early 2013 and co-founded his first platform (Peer to Peer Lending) later that year. He is a keen property investor and renovator, investing in parts of the UK and France. He is also a business and property coach, helping others achieve their goals and aspirations.