Withdrawals from our Access Accounts are slower than usual as we are no longer operating in normal market conditions as a result of Coronavirus. There is currently a queuing system in place, click here to find out more.
Withdrawals from our Access Accounts are slower than usual as we are no longer operating in normal market conditions as a result of Coronavirus. There is currently a queuing system in place, click here to find out more.

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.”

- Charles Lovell, Director of Chaysa Ltd

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