Chelsea Garden Apartment - Phase D

Investment Summary

• OVERVIEW – Investors in this opportunity will fund the development of a luxury maisonette by a renowned developer in the highly sought-after residential area of Chelsea (the acquisition of the property has already taken place). This phase of funding will be used towards development costs.
• TERM – The estimated term for this investment is 14-16 months. If the loan is not repaid by the end of the estimated term, returns will accrue on investments for a further 4 months up until the hard stop date (February 2023).
• PLAN – The developer will use this phase of funding to fund the development costs and later phases of this opportunity are planned to launch on the platform over the coming months and these will provide further funding for the development costs. Full planning permission has been approved for a single storey extension to the rear of the lower ground of the property. The quality of finish, design and specification is expected to be very high.

Investments will first be processed on or around Thursday,24th June 2021. Funds then will be processed at least every two business days.

• LOCATION – The property is located on Elm Park Road which is a well-regarded residential address with good connections to transport and local amenities. Chelsea is a highly sought after Prime London location. The area appeals to affluent domestic and international purchasers.
• PROPERTY – The property is part of a period townhouse, sitting across the ground and lower ground floors and benefits from a large garden, which is unusual for a property in the Chelsea area. 
• THE DEVELOPER – Wilben Developments will be completing this project. They specialise in the acquisition and redevelopment of residential property in Prime Central London. With a successful track record, they have completed projects in excess of £170 million over the last 10 years. CapitalRise funded another loan to this developer for a similar project Elm Park Road, Chelsea.They completed the property to a very high standard with the quality of finish being second to none. Following practical completion they refinanced the CapitalRise debt with another lender and repaid the CapitalRise loan in full and ahead of the repayment date. Their completion of this project and successful exit is not only a testament to their years of experience as a developer, but also a demonstration as to the type of developers that we (CapitalRise) provide finance to.