Accumulate Capital is offering returns of up to 15% over a 12-month term secured by an asset-backed charge over the building at its Riverside Place development in Kingston upon Thames, South West London.
Riverside Place is a residential project consisting of 26 apartments (16 one bed, 10 two bed) at a prime location in the heart of Kingston whilst, also being adjacent to the River Thames. It will be the only major development in the area to be delivered before 2024.
Senior lending for the project has been secured of £7.7Million, Accumulate Capital and its construction partner Store House London is putting up £1Million and the balance of the £9.9Million development is in the final stages of being raised via Accumulate’s large network of registered High Net Worth Individuals and Sophisticated Investors.
The Property Development Finance Agreement offers returns of up to 15% over a short 12-month term. The investment is secured with a charge over the asset (the building) lodged at HM Land Registry. There are no closing costs or legal fees and returns are paid upfront, typically six weeks following the signing of contracts.