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.

West Wimbledon - Phase L

funds raised

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Investment Summary

  • OVERVIEW – Investors in this opportunity will fund the development of two new build semi-detached luxury houses in the popular and fashionable residential area of West Wimbledon. These properties will benefit from exceptional south-facing views across London.
  • TERM – The estimated term for this investment is 5 months. If the loan is not repaid by the end of the estimated term, returns will accrue on investments for a further 1 month from the end of the estimated term up until the hard stop date (March 2023).
  • PLAN – The borrower will use this phase of funding to assist with the development of the property, with the contractor having taken possession of the site in April 2021. The target date for the Contractor for practical completion is the end of December 2022, however, our Project Monitor is of the view that February 2023 is more likely. 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. The quality of the property's finish, design and specification is expected to be of a high standard.
  • LOCATION – Wimbledon has long been a popular and fashionable outer South West London residential location. The property is located on a residential street in Raynes Park. The property benefits from dual access from Cottenham Park Road to the north and Orchard Lane to the rear. Holland Gardens, a public park, can be accessed immediately to the rear of the Property. Located one mile from Wimbledon Village and the high street with its independent bars, restaurants and shops. The area appeals to affluent domestic and international purchasers.
  • PROPERTY – Planning has been granted for the demolition of a single dwelling house and erection of two new build semi-detached houses comprising 4-bedrooms situated over lower ground, ground, and two upper floors. It benefits from two off-street parking spaces with associated crossovers and terraces to the rear.
  • BORROWER – This scheme will be developed by two individual borrowers who have 15 years property experience in the UK. They are local to the area and have a good knowledge of the surrounding property market. They will be using an experienced Contractor who specialises in basements.
  • YOUR INVESTMENT – CapitalRise investors will benefit from a First Legal Charge over the property plus a cost overruns guarantee. Investments will always be first in line to be repaid when a payment is made against the loan. In the event of a forced sale of the property, CapitalRise investors would recover their investment first and if the borrower is unable to repay the loan, CapitalRise will seek to force the sale of the property on behalf of investors. If sales are achieved the value would need to be less than 63% of the anticipated market value before your invested capital and accrued return are at risk.
  • EXIT PLAN – The borrower plans to keep the properties and rent them out upon completion. To provide an exit for CapitalRise investors, the borrower intends to refinance their debt with a buy to let mortgage upon completion of the development. The borrower has already had conversations with their mortgage broker regarding achieving a refinance at completion and these have been positive notwithstanding the current macro environment and the investment term includes suitable time for the borrower to refinance.