Clearwell Bonds raises in record time
12th May 2018
Clearwell Bonds has been one of our fastest ever raises, with over £4million raised in April and May 2018 on the Crowdstacker investment platform.
Clearwell is a growing business which specialises in providing funding to small property developers. Following the financial crisis in 2008, many of these developers have found access to funding far more difficult as they fall outside the conservative lending criteria of mainstream banks. In 2008, small developers accounted for 28% of total developments. By 2015 they accounted for only 12%*. Clearwell focuses on small property developers because they feel the variety and quality of developments created by these smaller developers contributes to a more diverse and colourful architectural landscape.
It is Clearwell’s aim to support small property developers with the funding they require to build new homes, while following a robust risk management process and minimising risk exposure to the Company and its investors. Since May 2013, Clearwell has provided over £9m in finance to support the construction of 304 homes in 31 separate projects across the UK.
The Clearwell Bonds had an initial target raise of £3million and went on to raise just over £4million before the May 2018 closing. Clearwell Bonds offer investors 7% p.a. over a two year term with interest paid monthly. As a Bond this investment is eligible to be held as part of an investor's annual ISA Allowance via an Innovative Finance ISA.
Clearwell is now hard at work deploying the funds raised through the Clearwell Bonds investment and providing finance to small UK property developers.
The Clearwell Bonds investment is now closed to further investment, due to reaching its maximum raise, however, we currently have 5 available products on the Crowdstacker platform, offering ISA eligible investments up to 7.5% p.a., including property development, asset leasing, car leasing and health and social care. View our investments page to find out more.
*Source: NHBC Registrations, Great Britain.
As with any investing, your capital is at risk if you lend to businesses. Tax treatment is dependent on the individual circumstances of each investor & may be subject to change in the future.