Property Week has recently reviewed our new financing deal.
We are offering investors the opportunity to acquire apartments in cash and collect a yearly 12% return with a loan agreement over a 24 month development period. Investors will gain any capital appreciation during that time. Investors can also choose not to take the units and receive a fixed return of 18% a year during the building time.
This is a creative plan to enable Inspired to quickly move on new investments when the government extends office-to-resi permitted development rights. A decision is expected to be announced when parliament returns.
We currently have seven properties we are converting into 500-plus homes aimed at young Londoners.
Our CEO Martin Skinner is quoted “We have a number of large office-to-resi developments to finance, including our recently secured Impact House in Croydon, which we are converting into at least 197 high-tech, high- spec units for first-time buyers. This deal is a unique opportunity for investors, particularly those with £10m or more cash to invest, to be part of London’s affordable private housing market at the same time as realizing generous returns. We have very limited, if any, competition where we operate and yet it is a huge market.”
If you have a subscription to Property Week you can read the full article here.