corto
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Post by corto on Nov 24, 2019 11:03:16 GMT
Hi, just taking a first look at the this one.
As I was exploring the site a pop up said they are raising for a Liverpool Community Homes.
"As with our previous investments from Octevo, this investment will fund the construction of high quality affordable and supported living homes (across two different locations in Liverpool, in this case)"
So I'm presuming this is another raise from "Octevo"
I was a bit suprised to see there's no investor page, there appears to be no finanancial information or company reg. details, information about the Directors etc.
Does all that come include in the Prospectus? Once you've invested to you get updates on the financial position of the ltd/spv?
If you sign up with Abundance you should get access to the offer document. This particular investment apparently pays an additional 2% bonus now.
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corto
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Post by corto on Nov 24, 2019 11:31:01 GMT
It's a 62 page document; quite detailed
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corto
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Post by corto on Nov 24, 2019 12:17:50 GMT
Thanks for the comments!
At the moment it looks like that loan will not fill anyway. They have a minimum of 4 million until end of December which seems far ahead.
One of the main problems with Abundance .. the cash drag is enormous.
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Post by optymystic on Nov 24, 2019 12:19:29 GMT
We were all offered an interest rate bonus in M*****w V****y CHP. Look what became of that.
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corto
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Post by corto on Nov 24, 2019 12:55:41 GMT
It's just another incentive. Everybody will have to make up their minds themselves if they do or do not want to go into an investment.
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scc
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Post by scc on Nov 30, 2019 7:16:19 GMT
I admit I've stayed out of the housing projects for a couple of reasons.
The per unit cost of each new build home doesn't seem that good value to me - especially for Liverpool. There are still parts of Liverpool where they are practically giving away terrace houses. It also bothers me that some of the money raised goes to paying debenture holders interest in the first couple of years.
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