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.

Gower Homes

Wrexham, Clwyd

With peer-to-peer funding through Assetz Capital Michael Forgave was able to fund the development of 47 new homes.

604

£700k

£1,159

Intro

The £700k loan was used to develop the initial phases of 47 one, two and three-bedroomed properties in the Wrexham area, 12 of which will become affordable houses, ring-fenced for local house buyers.

Gower Homes has built over 750 houses across Wrexham, North East Wales and Cheshire over the last 24 years. The business specialises in new build homes on brown field sites and sells into the open house/flat buyer market.

Gower Homes
Gower Homes

Impact

With the help of the Assetz Capital loan (since repaid on schedule from house sales) building work remains underway and Gower homes is providing much needed local housing, plus employment to highly skilled local labourers. The majority of the staff, sub-contractors, suppliers and consultants are located within a 15-mile radius of Wrexham.

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