Fully Funded

Land off Church Street, Hastings, TN35 5AQ

Developer: Peter Dabner

loan amount


interest paid*


funds pledged


number of investors


% of target pledged

Fully Funded

project type

New development (eg new build, self-build, air rights etc)

loan term

up to 17 months


1st charge

project phasing

1 of 2

floor area


purchase price/value


cost of work


loan to value


est. sales value (gdv)**


owed at exit to gdv***


strategy & vision

The opportunity provides a cleared site either side of Church Street, Hastings, East Sussex TN35 5AQ.

Planning has been granted (ref. HS/DS//17/00194) for the development of 5 houses including:-
one x two bedroom detached house
two x three bedroom detached houses
two x two bedroom semi-detached houses.

The site is situated to the northern side of Hastings town centre a short distance from the major facilities including the Priory Meadow shopping complex.
Hastings has a population of 90,000 and is situated 53 miles south of London via the A21. Regular trains into London Charing X take about 1 hour 15 mins.

RICS valuation of the site is £430,000 from which we have agreed to lend the borrower £300,000 representing 70% of valuation. This is phase 1 or a 2 phase raise. Phase 2 will be offered in Q3 2018 when the borrower has undertaken detailed design and tendered the works. Estimated cost of the works is circa £600,000 with out turn GDV expected to be £1.45m - RICS view. The loan is for a term of 15 months (max).

The borrower is Forte Bailey Ltd co. reg. no. 07632712. Previous developments include, flat scheme in Watford, a terrace of 3 town houses in Tunbridge Wells and pair of 4 bed contemporary houses also in Tunbridge Wells.

The 4 directors of Forte Bailey include Peter Dabner who is well known to CrowdProperty through his JVIP Group of companies and a number of loans we have entered into 2 of which have been paid back in full.

exit strategy

Build out and sell.

the borrower
& project team

Forte Bailey is a company with 4 directors, one of whom, Peter Dabner we know well. There web site www.fortebailey.co.uk provides details of previous developments totaling 13 residential units in Watford and Tunbridge Wells.

indicated return for your pledge
min. loan (6 months)
17 month loan

CrowdProperty Comments

Announcements of improvements to the rail network to London via Ashford has meant Hastings will be able to provide faster connectivity and enhance its attraction as a commuter town. House prices are more competitive in this town and therefore more affordable. Grant money has been pouring into the town to improve infrastructure including the Hastings Pier which has been rebuilt after it was destroyed by fire in 2010.
CrowdProperty are pleased to support this opportunity, in terms of resurgent town and experienced borrower.




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.

Your capital is at risk and you may lose all you lend. See our full risk warning for more information

ask a

Ask us a question and we'll get back
to you by email within 24 hours
or view our FAQS

ask a question

Thank you for your question, we'll get back
to you by email within 24 hours or view our FAQS

As featured in...
Peer2Peer Financing Association
UK crowdfunding
UK Proptech Association