NEWLAND HEIGHTS, RADLETT

Investment Summary

• Overview – This investment provides investors access to finance an exciting ongoing development scheme in the popular London commuter town of Radlett. Now part way through the development of a new high-specification apartment building, the scheme is progressing well and local agents have confirmed that it is already generating interest amongst local individuals and couples looking to downsize.
• Developer – Heronslea are a highly experienced and award-winning developer. They specialise in high specification family homes and apartments in Radlett and the surrounding area. Their track record is impressive, having previously completed 17 large projects consisting of over 130 units.
• Plan – Construction of this neo-Georgian, four-storey apartment building is well underway and includes a large basement car park, with space for two vehicles per apartment. All residents will also benefit from a fully landscaped garden and a lift servicing all floors.

• Security – CapitalRise has secured a first legal charge over the property which is shared between our investors and institutional funding partner. The CapitalRise Funding Partner will be repaid in priority to your investment, in exchange for a reduced return. Should the sale of the property be forced in the event the borrower is unable to repay, our funding partner would be repaid before investors. The actual sales price of the property would have to be less than 66.7% of the anticipated market value for CapitalRise investors' capital and accrued return to be put at risk.
• Sales price – Strutt & Parker have provided an independent ‘red book’ valuation of £12.1 million upon completion of the development.
• Exit plan – A 6 to 8 month sales period is included within the term of the loan, upon completion of the development. Should the borrower not achieve a sufficient number of sales within the loan term to repay CapitalRise investors, they will have the option to refinance their loan. CapitalRise has already had indications from another lender that they would finance a Sales Period Loan, but of course this is not guaranteed.