A summary of our current projects is below:
| Project name | Riverchapel Loan Notes (closed for subscriptions) |
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| Capital requirement | €1,950,000 | ||
| Promoter equity | €350,000 | ||
| Debt requirement | €1,600,000 | ||
| Minimum subscription | €10,000 | ||
| Term | 12 months (option for the Company to extend by up to 6 months) | ||
| Interest rate | 10% (increasing to 15% if option to extend term is exercised) | ||
| Interest payments | To be paid at 6 month intervals | ||
| Security | Assignment of the Developer Loan and associated security including fixed security over the Property and the Redemption Fund Account. Capita Trust Company Limited will be appointed as Security Trustee. | ||
| Available to | Individuals, companies (Individuals may subscribe through a pension arrangement) | ||
| Closing date | 22 June 2016 | ||
| Further information |
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