
Developers Norstar Limited have been appointed to the project at Foss Place, Foss Islands Road, where the entire funding was completed in just 14 days from engagement to the full loan being raised.
The development is projected to have a Gross Development Value of £3.2m.
Investor returns are pegged at between 8.5% and 23% p.a.k
Steve Robson of CapitalStackers commented:
“This is a huge milestone in our development and singles us out from the competition as being able to perform swiftly and professionally when circumstances dictate. Working closely with our investors and professional advisers to deliver the whole package within an incredibly tight timescale is a fantastic achievement.”
CapitalStackers allows a wide range of investors to get involved with large commercial building projects, from housing to offices– schemes that would otherwise be out of their reach except through REITs or unit trusts.
The idea is to plug the funding gap between typical bank debt and the developer’s equity. CapitalStackers invites P2P investors to take a stake at a risk and reward level they choose, with typical returns of between 5% and 20% p.a. on completion of the project, around 12-24 months later.
With the minimum investment being just £5,000 fully secured on the property being funded and on the back of high quality due diligence, this is proving to be a very popular investment vehicle.
NEW INVESTMENT OPPORTUNITY LAUNCHED IN BIRMINGHAM
This is the latest in a string of new projects funded by CapitalStackers, who are currently inviting investment in an exciting new residential development in Birmingham. The loan sought is £1.9m and returns will be between 7.7% and 17.2% p.a. over a 15 month term.
You can find out more at the Capital Stackers website
Or by calling Steve Robson on 07774 718947 or Tony Goldrick on 07788 373126.