Project New Caversham
Ground up development, New Build, Residential, Planning approved, Opportunistic
Equity: Return 3.0x
High level summary
Located in the South East, this new build residential project offers an excellent investment opportunity with an exit value of £10.07 million. The development includes 29 residential units and 1 commercial unit, with a projected gross profit of approximately £1.8 million and a profit margin of 17.9%. With all necessary planning approvals in place and the main contract secured, the project is slated to close on August 22, 2024, with an exit date of November 15, 2026. The total funding requirement is £8.27 million, comprising senior debt and mezzanine loans, requiring roughly £700k in equity. A personal guarantee is offered for the second charge loan, underscoring the developers' commitment. The total loan to cost ratio is 90.6%, which is relatively high, indicating a leveraged investment. Investors should further review financial details and confirm the robustness of the exit strategy. Suitable for those seeking a joint venture in a high-potential residential sector.
Next steps
1. Sign In for Free
Sign in to see more about this investment opportunity. You'll see project costs, strategy, build stages, financing requirement and more.
2. Engage with the Sponsor
Next sign an electronic NDA to see more confidential information including location, the developer and other project details.
3. Select Service
Finally, choose from one of our services. Invest directly and do your own due diligence, or let our Local Partners do the heavy-lifting and guide you from start to finish.
Self Managed
Handle the investment yourself.
Enter into contact directly with the Deal Provider. Perform own due diligence and monitoring.
Recommended for investors with in-house resources.
Managed Service
Get assigned a Local Partner to act as your advisor.
Advised pre-investment through to deal completion. Receive regular updates and monitoring.
Effortless independent advice from a professional aligned with your interests.
4. Decision & Investment
Regardless of the service you choose, we'll support you through to investment. You'll work directly with the Deal sponsor and your investment will be into an SPV that holds all and only the project assets.
5. Exit
Projects typically last 18 months on average. On exit the project is either sold or refinanced. Capital and interest or profit is returned to you and the other investors.
