Prime property finance firm continues growth with "significant" £18m achievement

Prime property finance firm CapitalRise continues its “impressive” growth trajectory, today announcing four loans that were completed in May totalling £18m. This is an 80 per cent increase in the value of loans that originated in the same month last year.

One of the four loans completed in May was a mezzanine loan in Oakley Gardens, a sought-after residential area of Chelsea that represents the Prime Central London (PCL) areas in which the firm typically specialises, with another loan facility completed in South-West London.

The other two loans were both in the Prime Home Counties, an area that CapitalRise is increasingly operating in as the firm continues to diversify its loan book. These included development loans in Marlow, Buckinghamshire, and Virginia Water on the Wentworth Estate, both highly desirable and premier locations.

The firm continues its strong growth trajectory, having recently recorded 125 per cent growth in its live loan book in the year to the end of Q1 2023.

Oakley Gardens, Chelsea: CapitalRise provided funding to assist with the acquisition of an attractive end-of-terrace, Victorian-period house located in Oakley Gardens, an affluent area of Chelsea. The plan is to gain planning permission for a basement extension.

Marlow Hills, Buckinghamshire: The firm is funding the development of two new, luxury detached houses in the sought-after Home Counties town of Marlow.

Hesper House, South-West London: CapitalRise is providing a bridging loan to the borrower who owns the property, known as Hesper House, on Wells Park Road, London. The developer has received planning permission to build 15 luxury flats.

Virginia Water, Wentworth Estate: A development loan will fund the refinancing and demolition of the existing property, and partly fund the development of a three-storey, detached house on the private and exclusive Wentworth Estate, a prime location in Surrey.

Following the completion of these loan facilities, CapitalRise has originated loans against prime property assets with a collective gross development value of £806m since its inception in 2016.

Uma Rajah, CEO and co-founder, CapitalRise, commented: “The completion of four loans in one month is a significant achievement for the company and a testament to CapitalRise’s prime property specialism, the development expertise of our credit committee, and our robust and prudent approach to lending.

“Our ability to operate at speed is something we pride ourselves on as a firm. We look forward to building on this momentum and further develop the housing stock in some of the country’s most exclusive and valuable postcodes.”

By Matthew Neville – Senior Correspondent, Bdaily

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