CapitalRise offers investors access to prime real estate investing opportunities across London and the South East. Here, we showcase a recently-completed luxury development in Chelsea, which was funded by CapitalRise investors.
Find out more about this stunning property below…
CapitalRise investors initially provided the Borrower, Wilben Developments, with a loan to acquire the site in the affluent Prime Central London area of Chelsea. The site occupied an end-of-terrace position with an appealing triple aspect towards the east, south and west.
Following the successful repayment of this initial acquisition loan, CapitalRise then provided the Borrower with a new loan to refinance the existing debt and fund the subsequent development of this extraordinary house. Investors in the inital loan had their capital and returns repaid and – alongside new investors – could choose to reinvest in the new development loan.
After demolishing the derelict post-war house that stood on the site, the Borrower constructed this double-fronted, three-bedroom home from the ground up. It boasts a timeless design with all the benefits of modern amenities, and has been completed to a best-in-class standard throughout.
This is the third project with Wilben that CapitalRise investors have funded. Wilben specialise in high-end developments in the Chelsea area. They said of CapitalRise:
“It has been a pleasure working with CapitalRise on yet another exciting development. Going through a stringent planning process for our new-build scheme made this a complex journey, and we are very proud of the product that we’ve delivered. CapitalRise has supported us on the finance throughout, and they clearly understand projects of this complexity.”
As with all of its projects, CapitalRise monitored the development closely throughout the lifecycle of the loan. The development has now been successfully completed and is on the market for £5.95m.
Find out more about investing with CapitalRise HERE>