Real Estate in Cambridge

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Pledged
€359980
Minimum target
€357500
Backers
294
Successful
Real Estate in Cambridge 0 Real Estate in Cambridge 1
Real Estate in Cambridge 1 Real Estate in Cambridge 1

LEKS GROUP LTD is looking to expand its existing letting portfolio by venturing out of London and this time buying a property in the high-tech booming city of Cambridge. In order to increase the profitability of this project, LEKS GROUP LTD is partnering with TFGcrowd to raise the necessary funds here.

 

Why is LEKS GROUP LTD borrowing the funds through TFGcrowd?

  • Property is a “hot” offering in Cambridge – especially the smaller studio and one-bedroom flats are sold almost as soon as they appear on the market. In this fast-moving market, property sellers are keen to sell to “cash” buyers in order to conclude the sales faster, therefore they offer discounts to the “cash” buyers (i.e., those, who are not arranging a mortgage for the purchase). Discounts are offered, because the deal can be concluded a lot easier and faster, as arranging a mortgage is a lengthy and often quite a challenging process. If funds are borrowed through TFGcrowd, it will be deemed a “cash” purchase, meaning that LEKS GROUP LTD will be able to buy a property at a much better price from the seller.
     
  • Being a “cash” buyer will mean that the property can be bought a lot quicker and the company will be able to start making money from renting it out to clients a lot sooner, making revenues for the company right away.
     
  • Once the property is already bought by LEKS GROUP LTD, it will be easier to re-finance the loan in a bank, taking out a mortgage. Also, as the company already has two more mortgage-free properties, it can reap the benefits of taking out a mortgage on all three properties at once – cheaper interest rates are offered by banks on property portfolios and larger mortgages.
     

 

https://tfgcrowd.com/media/uploads/2019/09/02/48Vc7TcRFzRO8R4QfNTh853uzidNpYhHicLXoJXt.png

 


Investor Benefits and Loan Security
 

LEKS GROUP LTD is keen to expand its existing letting portfolio by adding another location to it – this time in the tech-booming city of Cambridge. To take advantage of the financial incentives a seller may offer to buyers, who are “cash” buyers, buying without arranging a mortgage, LEKS GROUP LTD is partnering with TFGcrowd to raise the necessary funds here. They are looking to raise 357’500€ (minimum target: 200’000€) to buy a property-to-let in central Cambridge. For your investments the company is offering to pay 17% interest rate per annum to all their investors, to be paid out for the 12-month loan term.

Interest rate payments start calculating from the day you make your investment!
 

The following pledges secure the loan:

• A pledge on LEKS GROUP LTD

• A personal guarantee of the Borrower’s Shareholders & CEO

• A Guarantee of the Borrower

The loan is offered with the BuyBack Guarantee. If the borrower is late with the repayment of the loan, TFGcrowd will compensate the investors both the invested principal amount and interest, as well as pay the accrued interest after 60 days of delay.

 


 

Conquering Cambridge’s rental market with a lucrative portfolio

Cambridge is widely recognised as a global tech, and business hotspot, with over 4,500 high-tech companies employing nearly 75,000 people there. The CB1 area in Cambridge, with its close proximity to the train station, from where you can catch a 45-minute train into central London, is at the heart of this tech-company boom, with giants like Amazon and Microsoft claiming a base here, alongside high-profile finance, engineering and property professionals including Deloitte and Mott MacDonald.

Limited supply of properties to buy and high property prices mean that a large part of the city’s professionals opt to rent their accommodation rather than buy it, therefore demand for rental properties in the CB1 area of Cambridge is at an all-time high.

The LEKS GROUP LTD is a company that has already established itself as a permanent member of London’s buy-to-let market with two mortgage-free properties to let in the central W2 London area, which it has successfully managed for over 2 years already. It is now looking to expand their operations to Cambridge by acquiring a property in the lucrative CB1 area to rent out to their clients.

Considering the fact that arranging a mortgage in a bank can be a lengthy process, sellers in Cambridge are often keen to offer a financial incentive for buyers, who have money readily available and are buying their properties without a mortgage. LEKS GROUP LTD is keen to take advantage of this by borrowing the funds on the TFGcrowd platform for acquiring a new property in the short term and once the property will be acquired, it will proceed with arranging a mortgage in a bank, going through that lengthy process already after they have the property in their ownership. This way they will be able to acquire their next property to let at a lower price, making their business calculations more favourable and gain the added benefit of lower interest rates on mortgages, once they arrange re-financing of the TFGcrowd loans.

 

 

Loan term
12 months
Interest rate
17% per year
Earnings
0

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