Close risk warning

As with most forms of investment, peer-to-peer lending carries a degree of risk to your capital; in this case, if the borrower is unable to repay their loan. At Assetz Capital, we seek to reduce this risk to our investors by taking asset security on every loan, with the added benefit of a discretionary Provision Fund for some of our investment accounts. Investment Account target interest rates should be considered along with the relevant Investment Account expected defaults & losses information. Past performance does not guarantee future performance. We recommend that prospective lenders read the Key Investor Information pages before investing.

Chaysa Ltd

Redditch, Worcestershire

When Charles Lovell, accountant and sole Director of Chaysa Ltd needed extra funding to purchase a three-storey property in Redditch, he contacted Assetz Capital.

381

£335k

£879

Intro

The loan was a commercial mortgage that was added to Mr Lovell’s own cash of £40k, plus debt due from a vendor of £76k to purchase the property.

Charles planned to re-finance the loan with a high street bank loan as soon as a new tenant was in place and the three- storey building was operating at a satisfactory level.

Prior to the funding, Charles had already converted the ground floor into a space suitable for two separate restaurants.

Chaysa Ltd
Chaysa Ltd

Impact

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.

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