{"id":6200,"date":"2020-08-17T11:45:47","date_gmt":"2020-08-17T10:45:47","guid":{"rendered":"https:\/\/www.franchiselocal.co.uk\/news\/?p=6200"},"modified":"2020-08-14T11:48:12","modified_gmt":"2020-08-14T10:48:12","slug":"1103000-raised-for-franchisee-project","status":"publish","type":"post","link":"https:\/\/www.franchiselocal.co.uk\/news\/1103000-raised-for-franchisee-project\/","title":{"rendered":"\u00a31,103,000 Raised for Franchisee Project"},"content":{"rendered":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> &lt; 1<\/span> <span class=\"rt-label rt-postfix\">minute<\/span><\/span><h3>Sourced Franchise have funded another franchisee project with their in-house funding facility.<\/h3>\n<p>Their peer to peer lending platform, Sourced Capital, raised a total of \u00a31,103,000 for Chaz Singh and Jas Malhi from Sourced Coventry.<\/p>\n<p>The franchisees are purchasing a plot of land with planning permission for 6 properties. Out of the total amount raised, \u00a3199,000 will be used towards the purchase price of \u00a3504,000 and the remaining balance will cover the build costs and professional fees.<\/p>\n<p>After successful completion, Chaz and Jas will sell the property within a 14-month period, generating an estimated profit margin of 39% on sale of the converted property.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sourced Franchise have funded another franchisee project with their in-house funding facility. Their peer to peer lending platform, Sourced Capital, raised a total of \u00a31,103,000 for Chaz Singh and Jas Malhi from Sourced Coventry. The franchisees are purchasing a plot of land with planning permission for 6 properties. Out of the total amount raised, \u00a3199,000 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6201,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[930,929],"tags":[],"class_list":["post-6200","post","type-post","status-publish","format-standard","has-post-thumbnail","category-sourced","category-investment-franchises"],"acf":[],"jetpack_featured_media_url":"https:\/\/www.franchiselocal.co.uk\/news\/wp-content\/uploads\/2020\/08\/chaz-and-jaz-raised.jpg","_links":{"self":[{"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/posts\/6200","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/comments?post=6200"}],"version-history":[{"count":0,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/posts\/6200\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/media\/6201"}],"wp:attachment":[{"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/media?parent=6200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/categories?post=6200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.franchiselocal.co.uk\/news\/wp-json\/wp\/v2\/tags?post=6200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}