SOUTH EATON PLACE, BELGRAVIA - PHASE G

NOW OPEN FOR INVESTMENT

Investment Summary

• OVERVIEW – This investment opportunity gives CapitalRise members access to fund the sixth phase of a development loan being used to redevelop a large family home in central Belgravia. The estimated investment term is 4-6 months.
• PROPERTY – This six-storey, 5,200 sq ft stucco-fronted family home has six en-suite bedrooms and is currently going through an extensive, high specification refurbishment.
• DEVELOPER – The borrower is working with Leconfield Property Group who are the developer on the project. Leconfield are specialists in Prime Central London developments having completed over 50 projects in the area.
• PLAN – The borrower purchased the property in 2017 and was subsequently granted planning permission to change the internal layout of the property. The borrower plans to make this their primary London residence once redevelopment is complete.

• EXIT PLAN – To provide an exit for CapitalRise investors, the borrower intends to refinance their debt with a long-term loan upon completion of the refurbishment. We have already seen indicative loan terms from a selection of UK banks and the investment term includes suitable time for the borrower to refinance.
• SALES PRICE – Savills have provided an independent Red Book Valuation of £17 million upon completion of the refurbishment.
• YOUR INVESTMENT – Investors will benefit from a second legal charge on the property. This means CapitalRise investors will be repaid their investment and accrued returns after the senior lender. For invested capital and accrued returns to be at risk the value of a refinance of the borrower's debt or a sale of the property would need to be less than 53.9% of the anticipated market value of the property.