shimself
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Post by shimself on Apr 12, 2018 18:23:28 GMT
I can't see how it works yet, but their blurb (sorry blog) says
Our first housing investment will involve building new homes for housing associations, with tenants on the local waiting list offered affordable rents on assured tenancies — which give greater certainty of long term tenure.....
Investors will help finance the building of new homes for a fair return, while the developer is incentivised to build quality homes because they need to last for at least 50 years under long term rent agreements.....www.abundanceinvestment.com/investments/sectors/housing If it works I'm all for it - especially if it's index linked, which seems possible |
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mary
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Post by mary on Apr 12, 2018 18:38:28 GMT
I'm in favour, subject to the T&Cs, but seems a win win.
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greatmarko
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Post by greatmarko on Apr 13, 2018 14:19:44 GMT
So... another P2P platform moving into property  |
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gnasher
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Post by gnasher on May 23, 2018 8:19:13 GMT
Offer now launched. So is 4.5% a 'fair return'? That implies to me a pretty damn low risk profile and I can't work out if that is justified. I have seen too many property development loans on other platforms (ok often paying 10%+) default to jump at another opportunity at 4.5%.
Then again am I happy to help disadvantaged sectors of the community, because it makes me feel good? Almost like giving to a charity.
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IFISAcava
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Post by IFISAcava on May 23, 2018 8:21:08 GMT
Offer now launched. So is 4.5% a 'fair return'? That implies to me a pretty damn low risk profile and I can't work out if that is justified. I have seen too many property development loans on other platforms (ok often paying 10%+) default to jump at another opportunity at 4.5%.
Then again am I happy to help disadvantaged sectors of the community, because it makes me feel good? Almost like giving to a charity.
it's 4.5% paid in cash and 4.5% in warm & fuzzy feelings - 9% is about right!
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Post by robberbaron on May 23, 2018 9:14:58 GMT
4.5% for taking on the entirety of the risk of this project. If it's a joke it's not funny.
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scc
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Post by scc on Jun 7, 2018 14:23:33 GMT
I admit I'm a bit confused why it costs circa £140K per house/flat for a new build in Merseyside. Someone's making some serious dollar on this, but I don't think it'll be the abundance investor.
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Post by GentlemansFamilyFinances on Sept 14, 2018 9:12:57 GMT
This project is now fully funded but it does not yet appear on the trading board.
I would not mind putting some money in but I didn't have any when the offer was open.
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scc
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Post by scc on Sept 17, 2018 10:30:40 GMT
Usually you have to wait a month before trading on the secondary market.
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