A loan note is a type of financial instrument; it is a contract for a loan that specifies when the loan must be repaid and usually also the interest payable. It is similar to a promissory note but the differences can be significant in terms of consequences, especially tax consequences.
Prosperity Wealth Is a property investment group based in Birmingham. The group has a passion for and is dedicated to structuring secured property investments.
In this instance, the senior secured Loan Note offers a unique opportunity to invest alongside prosperity in a portfolio of completed properties in the locations of Peterborough and Derby. These rental demand and yields are high, within areas of sustained high employment, with a focus on these cities.
Over the last 40 years house prices have risen by 3% annually in real terms, but this price signal has not produced a supply side response. With every period of rapid house price growth, supply has only responded slowly.
Here are some examples of The Loan Note and what it indicates:
Prosperity House – Derby, East Midlands.
Apartments located directly in Derby city centre with views overlooking the Cathedral Quarters and rest of the city.
- Number of Units – 156
- GDV – £18m
- Completion Date – Q2 2017
Varity House – Peterborough, Cambridgeshire.
Stylish development of apartments with parking within a landscaped setting, situated one mile east of Peterborough city centre.
- Number of Units: 97
- GDV – £9.4m
- Completion Date – Q1 2017
Castle Court – Dudley, West Midlands.
An impressive eight-storey conversion, boasting huge commuter appeal, Dudley is quickly becoming an investment hotspot.
- Number of Units – 141
- GDV – £15m
- Completion Date – Q1 2018
Priestgate House – Peterborough, Cambridgeshire.
Prominently located in the centre of Peterborough, this residential development offers a mix of one and two bedroom apartments.
- Number of Clients – 35
- GDV – £5m
- Completion Date – Q1 2017
If you would like to find out more about the Loan note or the investments we provide, then you can contact the team on 0345 894 8441.
