EvoEstate Risk rating is of an informative nature only & can not be considered investment advice.
Loan To value
Higher Barrowfield Farm is Alfa Property Group’s beautiful new development of just two homes, combining the excitement and opportunities of contemporary living with easy access to beautiful countryside. Bordered by mature trees and hedgerows, Higher Barrowfield Farm is in a highly sought-after neighbourhood in an old farming estate off Houghtons Lane, in Eccleston. This partly rural part of the town has its roots firmly in the historic farming culture and is characterised by large brick properties sitting on wide plots with ancillary barns and outbuildings within close proximity.
The loan will be paid out to the solicitor’s bank account to purchase the property and establish the legal charge, after which the remainder will be made available to the fundraiser.
A first rank mortgage valued at € 643.000 will be established on behalf of investors to secure the loan. This value is calculated from the lowest from (A) loan amount, a minimum of 2 years interest and 10% coverage for execution cost (€ 663,000) or (B) execution value after refurbisments (€ 643,000). This results in a loan to value (LTV) of 79.3% and a Total Loan Coverage (TLC) of 126.1%.
Higher Barrowfield Ltd. has a C 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 C on the basis of the risk analysis.
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.
Building not completed on time / within budget.
The project developer has a detailed business plan. Risk considered to be low and sufficient slack in timeline and budget to cover for any setbacks if they may occur.
Fundraiser Higher Barrowfield Ltd
Registration number 13198580
Address Suite 4 Second Floor Honeycomb 7-15 Edmund Street, Liverpool L3 9NG Liverpool United Kingdom
I set up Alfa Property Group to build homes that are exciting. At Higher Barrowfield Farm Barns, our two homes offer exceptional design created by our experienced team of design consultants. The homes are focused on delivering your needs for contemporary living whilst providing the flexibility to expand in the future. You will be able to tailor your own home, so at Higher Barrowfield Farm Barns, you own not only a fine building that is thoughtfully designed, but one which has been customised by you, around your needs, desires and lifestyle. Features in the homes include open-plan kitchen/ living spaces and well crafted gardens. I hope you enjoy browsing through this brochure and it inspires you to dream, plan and imagine how fulfilling life can be at Higher Barrowfield Farm Barns.