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Feb 11, 2016 8:23 EST

WHITEBOX: Construction of 44 Flats in Northampton. 1% Interest per month over a 24 month period.

iCrowdNewswire - Feb 11, 2016

WHITEBOX

Construction of 44 Flats in Northampton. 1% Interest per month over a 24 month period.

The company have acquired a plot of land in the centre of Northampton, Directly next to the newly developed train station with direct links to London (45 mins) The land comes with planning permission for 44 flats (with no affordable housing). The flats will be made up of 1 and 2 beds with some offering a generous size overlooking the park nearby.

THE IDEA

PRODUCTS & SERVICES

The land comes with planning permission for 44 flats (with no affordable housing). The flats will be made up of 1 and 2 beds with some offering a generous size overlooking the park nearby.

PREVIOUS PROJECTS

Sept 2014 – June 2015
Construction of 8x 2 Bed town houses on the same road as the above project. All retained within the portfolio of Lloyd & Andi, generating £79k gross income per year.

June 2015 – Current (Mar 2016)
Construction of 11x 2 Bed houses in Lloyds local town. All retained within the portfolio of Lloyd & Andi, estimated to generate £92,400 gross income per year

REVENUE MODEL

Mid-Term Loan Agreement for a Total of £1.0m
(min £75,000 per investor)

1% Per Calendar Month (rolled up interest)

24 Month Term

Secured with Deed of Trust and Personal Guarantees

Exit Via Development Sale

EXIT STRATEGY

There are two exit options.



First Option. Out of the 44 flats to be developed, the company will sell ‘off plan’ properties at a 15% discount of the sale price to the investors to the value of the investment.

Second Option. 1% per month interest rolled up over a 24 month term, triggered by the sale of the properties once completed.

Contact Information:

WHITEBOX

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