Capitalrise.com, an online property finance marketplace, has successfully closed a GBP4 million investment.
The opportunity is expected to deliver returns of 10.5 per cent per annum for investors. The money raised will be used to fund a stunning property in one of London’s most sought after addresses, Hyde Park Garden Mews.
CapitalRise offers everyday investors and institutions the chance to invest in residential property developments in highly-sought after locations. The majority of its developments are in prime locations throughout London, the Home Counties and further afield, but always in the most desirable areas.
In the past 6 months, CapitalRise has returned over GBP2.2 million to investors following the successful completion of its Eaton Square and Knightsbridge investments. Further opportunities are expected to launch to investors in the coming weeks.
Uma Rajah, CEO CapitalRise, says: "We continue to select the best and most attractive property investments for our members, it is incredibly encouraging to see the speed in which these continue and it is a testament to the quality of these opportunities.
We only work with institutional grade and prime property to be able to offer such high returns on these market leading deals.
Continued low interest rates are driving people to look at alternative options for generating yield from their savings. With no fees to invest, and tax-free returns if investors invest using the CapitalRise ISA, it’s proving increasingly popular.”
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