Cynthia Street and Grays Inn Road - Tier 1 (Phase A)

Investment Summary

• Overview – CapitalRise is providing two senior loans to the Borrower. The first is a senior bridge loan against a fully-occupied commercial asset on Cynthia Street, Angel. This will be used to refinance the current long-term debt provider. The second loan will be a senior development loan against 37 Grays Inn Road to refurbish the unoccupied existing building into a mixed-use property with 4 flats and commercial space across the ground floors. Both assets are owned by the same borrower and are fully cross-collateralised to provide a combined loan to GDV (Gross Development Value) of 47% across both assets overall, with an exit LTV of 25% for Tier 1 investors.

• Location – Cynthia Street is located in Angel, and is currently tenanted by a school. The nearest tube stations are Angel, King’s Cross St Pancras which are both 0.4 miles away. Grays Inn Road is in a good quality mixed residential and commercial area of Central London, which is to the south of Kings Cross and to the west of Farringdon. There are extensive amenities readily available within the immediate vicinity with underground services being provided by Holborn and Chancery Lane stations and railway services from Farringdon. The Grays Inn Road asset is located within a small parade of shops with a mix of occupiers.