Chaysa Ltd
Commercial Mortgage
The loan was a commercial mortgage used to purchase a property in central Redditch which was subsequently converted for an incoming tenant to operate an Indian Restaurant.
Prior to the funding, Charles had already converted the ground floor into a space suitable for two separate restaurants.
£335k
Amount Lent
10 Months
Loan Term
69%
LTV
With long-term contracts signed for both of the restaurant spaces from large franchise restaurants and work on the two upper floors well on the way to becoming office space, we are happy to say that Charles paid back the loan, plus interest, to our lenders in under eight months.
“I am happy with the money I made out of the project and I hope Assetz Capital and the crowdfunders are too. Assetz Capital can help businesses that, for whatever reason, cannot access funding from the banks.”