79th Luxury Living redeems Its 2019 Loan Note in full during the COVID-19 crisis.
79th Luxury Living are delighted to announce the redemption of its 2019 UK loan note. The loan note enabled the company to fund acquisition of a distressed portfolio consisting of 14 properties across the Liverpool area, in which the company and its investors have made a significant profit. Investors earned a return of 15% per annum on funds invested, and all investors have been paid in full via our appointed legal team.
Curtis Webster, our operations manager comments: “We are extremely happy to be able to redeem the loan note and deliver for our investors in these testing times. Our company has over 40 years experience, and is very familiar with operating in distressed markets we see today, its what sets us above the rest and we are growing at a rapid pace as our model benefits from institutional distress. We operate a robust business model which de-risks our company and our investors alike, and whilst other real estate investment companies put themselves at the mercy of banks and market forces – we do not! Our exit route is planned before we purchase any assets and it is usually a quick turnaround, unlike many other companies who have locked in investor funds for years with their “blue sky thinking” and lack of experience which puts all investor funds at risk, as we are seeing now.
Our business appeals to investors globally especially in these unusual times. Our company is now trusted by hundreds of sophisticated and high net worth investors across multiple continents, ranging from private funds to individuals”. Due to our continued success , we are soon to announce the opening of our Tokyo office in the coming weeks which will compliment our office in Dubai.
Weightmans LLP in Liverpool were the appointed legal team. Philip Seddon & Associates in Crosby were the appointed architect and chartered surveyor.