Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more.
Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more.
Gregories Road, Beaconsfield - Tier 1 (Phase C)
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Investment Summary
Overview – Investors funded the acquisition of the site in the original phase of funding. This Phase and subsequent phases will fund the development of five new-build luxury apartments (referred to as the “Properties”) in Beaconsfield, a commuter town to the west of London.
Term – The estimated term for this investment is 18-24 months. If the loan is not repaid by the end of the estimated term, returns will accrue on investments for a further six months until the hard stop date (20th October 2025).
Plan – The developer used the previous phase of funding to refinance the previous lender, who initially assisted to help with the acquisition of the site, which was an old medical centre. This phase and future phases, which will be launched on the CapitalRise platform in the coming months, will provide funding for the development. The demolition of the existing structure has been completed and full planning permission has been approved for the construction of five new apartments across three-stories, providing 11,285 sq.ft.
Location – The Properties are located on Gregories Road (described by Savills as ‘one of the best roads in Beaconsfield’.) Beaconsfield is a commuter town, with good transport links to Central London by rail.
The Properties – The proposed Properties will consist of five apartments set across three floors, ranging between 1,800 and 2,700 sq.ft. Each apartment will have ensuite bedrooms, an open plan living space, private outside space and off-street parking for two cars, as well as access to private communal gardens. The Properties will be finished to a high standard with premium materials used throughout.
The Developer – The Properties are being developed by Halamar Developments, who specialise in the development of residential properties in Beaconsfield and are described by Savills as having an ‘excellent track record in Beaconsfield’. CapitalRise has successfully lent to this Borrower before, having funded another development in Beaconsfield in 2019. That project was successfully completed and sold, resulting in the loan being repaid in full in April 2021. CapitalRise is delighted to be working with this Borrower again.
Your Investment – CapitalRise Tier 1 and Tier 2 investors will benefit from a First Legal Charge over the Properties and First Ranking Debenture over the Borrower, a Charge over the shares of the Borrower, Assignment over fixed price contracts with the contractors, Collateral Warranties guided by the Project Monitor and a New Build Warranty. Investors in this tier, Tier 1, will always be paid ahead of Tier 2 investors. If the Borrower was unable to repay the loan, CapitalRise could force the sale of the Properties, and would always seek to recover all invested capital and accrued returns on behalf of all investors. If sales were achieved, the value would need to be less than 40.00% of the anticipated market value before Tier 1 investors’ invested capital and accrued return would be at risk.
Exit Plan – The Borrower intends to either sell the Properties on the open market upon completion or refinance some of the Properties to be held long-term as part of their investment portfolio. The Borrower has previously part-sold some of their developments and retained the others.