A product that gives our customers the opportunity to invest in debt via a bond, but also the chance to share in the potential upside in the business, by issuing you shares. 

You will be investing in a bond, which will be secured against fixed assets, as with most of our other bonds. Alongside this investment, each investor will be issued with a proportionate number of shares in the business (as to what they have invested in the debt). These shares are not able to be traded and will only carry a value once the borrower repays, and if the business performs to expectations.  

The bond, despite being secured on a first charge basis, tends to have a higher LTV and is therefore riskier than a bond with a lower LTV. To compensate for that higher LTV, you can earn both a fixed rate of interest and a share in any potential upside on exit. We tend to provide an estimated internal rate of return (IRR) for our combined bond + potential equity offers.