Development Loan
Todson House Phase Four
Beaumont Fee, Lincoln
Funded
100.0%
Remaining
£0
- Location
- Beaumont Fee, Lincoln
- Property type
- Loan
- Expected return
- 8.0% p.a.
- Term
- 28 months
About this investment
UOWN has partnered up with IconInc, a luxury student accommodation brand, to help finance an extension to one of their established sites in Lincoln. We have already to date raised three tranches totalling £1,000,000 for the development during 2021. The fourth tranche will be a raise of £300,000, which will be secured by way of a charge over the asset. The return will be an 8% per annum return, paid out monthly (first payment on the 5th of December). The timeline of the project is 28 months. We are projecting a 18.6% return on investment.
Since launching the first three tranches we have achieved an enhanced planning permission to enable us to build the desired number of apartments. Over the next 5 months we are continuing with pre-commencement works, which includes demolition, detailed planning documents and other professional reports; all of which will enable a more efficient and streamlined build program. The 41 units will be completed by the summer of 2023 in time for the academic year.
Important information
Your capital is at risk and returns are not guaranteed. Property investments are illiquid — your money may be locked up until the property is sold or refinanced.