Empire Property Holdings Loan Note Phase 2

 

 

Empire Property Holdings is UK based developer who has a 7 Year track record of successfully renovating properties valued at £33million and currently has 750 units under management.

 

The Developer has set up a new venture to raise funds to acquire suitable commercial properties (such as pubs and office buildings) and strategically renovate them under permitted development rights into residential studios or self-contained flats and manage these assets to achieve the fixed returns.

 

 

Phase 2 Launch for Empire Property Holdings Loan Note 

Empire Property Holding was incorporated on 14 August 2015 as a special purpose vehicle (SPV) set up to attract new inward investment.. The Company will acquire commercial properties for development into residential accommodation by the Developer (the “Developments”), Empire Property Concepts.

The Developer is a separate limited company that will project manage the Developments. The Developer will also manage the lettings of the Properties and will liaise with its private and council letting contracts to secure lettings in order to provide funds out of which the capital and interest returns to Subscribers will be met. The opportunity is available only to certain specified persons and involves a subscription for the Loan Notes. The subscription funds received by the Company will be used solely to purchase and develop the Property.

 

After the successful 6m GBP raise for Phase 1, Empire Property Holdings Ltd are now launching phase 2 and are again offering loan notes to investors that are seeking a secured fixed return on their capital, with tangible security, via a first and only legal charge which is registered at the Land Registry. The legal charges are held by independent security trustees on behalf of the loan note holders.

 

The loan note holder is effectively ‘the Bank’ & is very similar in nature to residential development funding or bridging finance offered by UK financial institutions. It offers financial lending in return for a pre agreed interest rate & security via a legal charge.

 

The cost of every project and every future project can be standardized to provide a business plan for each property. The details of each potential project will be inputted into a feasibility spreadsheet and the viability can be quickly assessed. The main factors affecting the project are the purchase price of the property and the cost of renovation. These factors are controlled as explained below.

 

Each room is given an average cost to complete, which takes into account all aspects of the renovation, project management, administration, licensing, and liaison with councils. The only other factor is the purchase price of the room and therefore in each case, they can identify the purchase price of each room that should not be exceeded.

 

 SALE TO THE OPEN MARKET

 

The developers have experienced an increased demand to not only produce larger developments, such as pubs and of offices but also market them via traditional estate agents. Foreign investors are particularly interested due to the UK’s rental demand & reliable legal system. The Empire Property Holdings Loan Note is structured by JMW Solicitors LLP, a leading North West law firm.

 

The “Income Product” which is a 2 year fixed rate secured loan note which will accrue 10% simple interest in the first year and 12% simple interest in the second year. Interest is payable every 6 months in arrears and the subscription price is repaid at the end of the term.

 

The “Growth Product” which is also a 2 year fixed rate secured loan note which will accrue 10% simple interest in the first year and 12% compound interest in the second year. Interest is compounded annually and payable at the end of the term with a 4% bonus (equating to 4% of the subscription price) together with the subscription price.

There is also a 4 year compound only offering a net yield of 60% over the period.

 

 SECURITY OF INVESTMENT

 

There is a first and only legal charge on prime developments sites, with full planning permission or permitted development rights registered at the Land Registry and held by the trustees on behalf of loan note holders.

 KEY FEATURES

 

  • Interest starts the day after your funds are received by the Company.

  • Interest only 10% year and 12% year 2

  • Interest payable every 6 months

  • Growth option of 10% year 1 and 12% year 2 with a bonus of 4%

  • Site visits and face to face meetings can be arranged

  • Loan Note holders will have first legal charge on the Properties

  • 2 year investment term or 4 year term with compound interest

  • 4 year term with compound interest . 15% x 4 = 60%

  • Due diligence pack available on request

  • Security Trustees to control investor funds

  • 6 million GBP raised on phase 1

  • Minimum investment £20,000

Click here for news report on Empire http://www.whatinvestment.co.uk/empire-property-holdings-uk-property-mini-bond-delivers-2555259/

www.emdps.com

 

Tel 0203 432 5474

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