Homes: Investors and Scenario

homes: Between 2013 and 2017, McCloud wooed investors with a string of fundraising schemes that promised returns of up to 9% a year from his Happiness Architecture Beauty HAB homes businesses, according to The Guardian. But it now emerges that small investors who put 2.4m into one of the bonds are on course to lose between 74% and 97% of their money in a worst-case scenario. For 20 years the star of Channel 4's Grand Designs has lectured the nation about how to create their dream home but his own property empire has turned into a nightmare. Another set of investors, who sank 1.9m in one of the HAB companies in 2013 and were told to expect dividends of at least 5% by the end of 2016, say they have not received a penny and have been fobbed off . In an extraordinary parallel with his TV series, in which those with grand designs are routinely beset with budget overruns, construction problems and relationship bust-ups, McCloud has admitted that he went through a great deal of heartache and pain as he tried to find ways to keep the main HAB company viable amid project delays, systemic faults and large debts. I will of course do everything in my power to improve the current situation. I stand shoulder to shoulder with those who have lost money, McCloud said when contacted by the Guardian. (news.financializer.com). As reported in the news.