EvoEstate Risk rating is of an informative nature only & can not be considered investment advice.
Purchase Price/Land Price
Loan To value
We will be purchasing the two-bed mid terraced property for a significant discount in order to give the current landlord the opportunity to liquidate due to personal circumstances that demand a fast sale.
The property is currently tenanted and giving a good return in excess of 10% despite the current rental being below-market rental value for the area. In addition, the property's current condition allows for minor cosmetic works to be undertaken to demonstrate an increase to its true value.
Ofsted, a "good" reported school is 0.2 miles away.
The Barrow-in-Furness train station is 0.4 miles away.
The City centre is a 5-minute drive away.
The hospital is a 4-minute drive away.
And the local supermarket is also a 5-minute drive away.
The current landlord has done contemporary decorations, so the property will be purchased in a reasonable condition. Additionally, the property is situated in a prime rental location for tenants.
A first rank mortgage valued at € 117,000 will be established on behalf of investors to secure the loan. This value is calculated from loan amount, a minimum of 2 years interest and 10% coverage for execution cost. Together with the valuation, this results in a loan to value (LTV) of 78,3% and a Total Loan Coverage (TLC) of 102.2%.
Co-Create Property Management LTD. has a B rating from Creditsafe, indicating a moderate risk. The identified risks are estimated as limited. The project owner is confirmed to be very experienced in real estate investing. This loan has been assigned a score of B on the basis of the risk analysis.
Renovation not completed on time / within budget.
The project developer has a detailed business plan and fixed renovation quotes. Risk considered to be low and sufficient slack in timeline and budget to cover for any setbacks if they may occur.
The loan is in Euro and as the property is located in the UK, everything is in GBP. The currency exchange risk is borne by the fundraiser.
Economic downturn could affect property market/values.
Given the area, this risk is considered to be low. The project owner is flexible in terms of exit strategy.
Registration number 13370593
Address Fleet House Springhead Road Suite 2018 DA11 8HJ Northfleet, Gravesend United Kingdom
Contact Elevate Property Partners LTD
Message from fundraiser
Isaac has over eight years of Retail and Commercial banking experience. Alongside this, Isaac’ has built a BTL portfolio of his own and has become a reputable R2R agent. Isaac is passionate about providing quality and inclusive housing and working closely with landlords and investors to grow their returns in a compliant and ethical way. Isaac has a reputation online for helping others and you may see him regularly sharing his experience and journey of going from being financially illiterate to owning multiple properties on the clubhouse app alongside some of the top players in the property industry @Isaacproperty (Clubhouse).
Amit is a Senior Manager within Banking having worked as a management consultant for many of the Big Four Consulting firms prior to this. Amit started investing in property in 2016 following the advice of my accountant. At the time, he was a freelance Management Consultant working in the city of London and wanted to put his capital to good use. Post which Amit conducted several property education seminars & courses, through which, has developed a passion for property investment. Amit has a passion for deal analysis, systems and project managing and now mentors aspiring property investors himself through his training company @cocreateproperty (instagram).