Brickowner is pleased to announce that their loan redemption securing investors an annual return of 8%. Monitored and managed on behalf of Brickowner by the team at E&H Ltd, a total of £101,100 was raised in 2017 via a secured fixed return loan which enabled the development of a mixed-use period property based in Eastbourne that was subsequently developed into a House of Multiple Occupancy (HMO). The loan was redeemed within projected timelines.
Speaking about the loan redemption Brickowner’s CEO, Fred Bristol said: “Brickowner is committed to transparent pricing and clear criteria, our core objective is to provide access to high quality, asset-backed investments to investors who would otherwise be unable to invest. This loan would normally only be accessible to sophisticated investors, so this is the best outcome for our investment community.”
Since the loan was initially raised Brickowner has experienced fantastic growth throughout 2018 completing a further eight raises and seeing a total of £4.9M invested via the platform to date. Raises have ranged from development finance for residential and holiday homes to the first crowdfunded cemetery investment.
Speaking about the success, Fred said,” In the context of ongoing Brexit uncertainty and a more challenging property market over 2018, at Brickowner we sought to have a very clear understanding of our clients and their investment objectives. We found that our model of combining tech with traditional property investment fundamentals to find value has delivered to our investors.”