Fully Funded

Former Greenhithe Clinic, Knockhall Chase, Greenhithe, Dartford, DA9 9EN

Please note, for this project, pledges will be limited to a maximum of £0 until 10.05am. After 10.05am, you can create pledges larger than £0 or increase the size of your pre-existing pledge. This is subject to the project amount remaining which needs to be raised.

loan amount


interest paid*


funds pledged


number of investors


% of target pledged

Fully Funded

project type


loan term

up to 12 months


1st charge

project phasing

1 of 1

total loan facility


floor area

9687 sq.ft.

rics valuation


cost of work


est. sales value (gdv)**


initial loan to value


loan to gdv


owed at exit to gdv***


strategy & vision

This Project is a Serviced Bridging Loan of £330,000 with CrowdProperty retaining the interest from this raise to pay the Lenders monthly. The serviced bridging loan is being offered to part fund completion of the site where the borrower has exchanged contracts following successful bid at auction. The site is situated at the former Greenhithe Clinic, Knockhall Chase, Greenhithe, Dartford, Kent DA9 9EN.

For this project, a £5,000 pledge limit will be in place for the first 5 minutes to provide all those who have taken the time to perform their due diligence a chance to participate, given the current demand for CrowdProperty projects. After 10:05am, pledges greater than £5,000 can be created or existing pledges can be increased, subject to availability. Additionally, CrowdProperty AutoInvest functionality can automatically pledge on your behalf at 10:00am although the actual pledge on a project might be scaled back subject to demand and therefore your AutoInvest pot may be spread across more loans than your original settings.

Lenders to this project will receive 7.5% per annum interest paid monthly on a 1st charge secured site with outline planning for the development of 5 houses. The monthly interest payments to our lenders will ensure our LTV of 60% is not breached during the term of the loan. You will be able to lend in the usual way, using all our investment products: our Standard Product, the CrowdProperty ISA and via SIPP or SSAS.

The project comprises the purchase of land at Knockhall Chase, Greenhithe, Dartford, Kent. Dartford is the principal town in north Kent with a population of 85,911. It is located 18 miles south-east of Central London and close to J1 M25 and Queen Elizabeth Thames Bridge. Dartford is principally a commuter town for Greater London. It is an important rail hub with the Ebbsfleet International Railway station about 1.5 miles to the east. Connections to the M25 J1 is via the A2 approx. 3 miles to the west. Bluewater Shopping Centre is about 1 mile to the south.

The site was formerly Greenhithe Clinic which has now been demolished and site has been cleared. The site measures 0.09 hectares (0.22 acres) and benefits from outline planning from Dartford Borough Council (ref: 18/01573/OUT) for a maximum of 5 terraced dwellings.

The borrower has exchanged contracts on the purchase of the site at a recent auction for £550,000. The completion date 26th April 2019. The purchase price has been verified by RICS valuation.

CrowdProperty is offering the borrower a serviced bridging loan in order to complete the purchase of the site. The loan term will be for 12 months with retained interest on day 1. The lenders interest will be paid monthly in arrears so that the LTV does not breach our LTV rules and the headroom between debt and value is maintained. Lenders will be paid 0.625% interest per month. Pay back will only be capital as interest would have already been paid.
1st charge security as registered with the Land Registry will be offered in the usual way.

exit strategy

The Borrower intends to secure detailed planning consent and refinance onto a development loan for the erection of 5 houses. As interest payments will be made monthly, payback at exit will be capital only.

indicated return for your pledge



min. loan (6 months)



12 month loan



CrowdProperty Comments

CrowdProperty seeks to assist the borrower with secured loan towards the purchase of the site which was bought at auction. Lekan is an experienced property investor and developer. He has a clear strategy of moving forward with a reserved matters application to secure consent to commence the construction phase of the development.




Rigorous due diligence
1st Charge Security
Unparalleled expertise
*Please see full risk warning
**Estimated Sales Value is more formally referred to as GDV - Gross Development Value
***Owed at exit to GDV is calculated as the total capital + any planned loan interest against the RICS GDV for the project. These figures do include subsequences on projects funding development costs during the course of the project.

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Your capital is at risk. No FSCS protection. Past performance is not an indicator of future results. Tax treatment depends on individual circumstances and may change. full risk warning.

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