Magna Global loan notes:

Magna Global was established in 2014 and was set up primarily as a residential developer. Their focus is maximising asset value by utilising correct asset purchase, adding value through understanding the planning process, activating a mix of units and retaining a consistently high level of specification and understanding of the local market. After numerous successful conversions early on in their journey, they started acquiring land around the West London commuter belt – building up a substantial land bank and project portfolio over a period of 3 years.

18 month loan note key facts:

  • Minimum investment: £20,000;
  • Serviced interest rate: 9.5% PA pro-rata paid 6 monthly;
  • Rolled interest rate: 12% PA pro-rata paid at maturity. Serviced interest is paid at 6 months, 12 months, and then at the end of month 18 along with the return of the principle sum. Rolled interest is paid at the end of month 18 along with the return of the principle sum;
  • SIPP & SSAS eligible;
  • FCA compliant and Section 21 Approved.

36 month loan note key facts:

  • Minimum investment: £20,000;
  • Year 1 – interest rate PA: 10% paid at end of year 1;
    Year 2 – interest rate PA: 10% paid quarterly for year 2;
    Year 3 – interest rate PA: 18% paid quarterly for year 3;
  • Interest is paid for year 1 at the end of year 1, then each quarter for the following two years;
  • SIPP & SSAS eligible;
  • FCA compliant and Section 21 Approved.


 

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