What's Hot - Property
FNG works with property developers and their partners to offer Off Market Property deals. Typically, these can range from £1m to £30m, distress assets, discounted projects with planning or planning assured direct with owners, looking for an exit especially this year due to Covid19. These deals normally turnaround within a couple of weeks, ideal for family offices, UHNW investors and institutional investors with liquidity looking for good ROI within 12-24 months. Please direct your enquiry to email@example.com
Below is a sample of recently completed projects
41 number detached properties in Greater London
Purchase price of the development is £24,000,000 which values each unit at £585,365
Current value of 4/5 bed detached properties ranges from £1m - £1.5m, we estimate the units to be sold circa £1.25m giving a GDV of (top end) £51.25m (bottom end) £41m.
Planning has been granted to extend all the units via loft conversion and or extensions/conservatories etc with a estimated cost of circa £4m.
70% debt funding is in place for the acquisition and we can also fund the extensions to all the units.
Of the 30% equity required (£7.2m) we are looking to raise (£5.2m)
The investor shall have preference shares meaning there capital is paid first, and we propose a 30% profit share.
GDV £41 - £51.25m
Gross Profit - £13m - 23m
Gross Profit to investor - £3.9 - £6.9m.
ROI - 75% - 132%.
We propose that from the first 10 units that are sold the revenue to repay the investors initial capital of £5.2m to be repaid within the first 12 months.
West London conversation Project
Planning has been granted for 6 units configured in 1 x 1 bed, 4 x 2 bed, 1 x 3bed.
GDV £2.75m (conservative)
Gross Profit £734,000
Investor to invest 80% of acquisition 20% invested by FPC.
FPC arranges funding for development
Hurdle rate of 6% paid to investor/FPC
Profit share 50/50
Investor projected return of 42% = £438k.