Property lender CapitalRise secures £250m bank funding line
By Gloria Methri
CapitalRise has secured a fresh £250 million funding line from an undisclosed bank, the prime property finance firm announced. Founded in 2016, CapitalRise said the funding facility is the fifth and largest it has ever secured.
CEO and Co-Founder, Uma Rajah, shared her excitement about the new funding line saying, “A diverse range of funding lines supports our business growth and ensures a resilient and diverse capital base. Acquiring a facility of this scale and nature is an excellent addition to our existing partnerships.”
CapitalRise is dedicated to funding property developments, totalling £822 million across Prime Central London, Prime Outer London, and the Prime Home Counties. The resilience of the prime property sector, operating on distinct price cycles and attracting global buyers of substantial means, is a core focus for the company.
The escalating demand for funding propelled the company to fortify its funding avenues further. Strengthening and diversifying these channels allows CapitalRise to remain agile, serving borrowers within the exclusive niches of the UK property market with bespoke lending solutions.
Lee Francis, our Head of Origination, emphasized the significance of this committed facility saying, “This new line will empower CapitalRise to continue meeting demand and provide substantial funding for projects in prime locations.”
Pip Lashko-Sayers, Associate Director of Capital Markets, added, “We operate a multi-funded model and aspire to diversify our capital sources and product range further to support a wider range of borrowers.”
CapitalRise said its commitment to inclusivity and innovation remains unwavering, especially as it focused on the resilient prime property sectors. Equipped with enhanced tools and resources, the company is poised to embrace new opportunities on the horizon.
“This significant acquisition reaffirms its expertise and solidifies CapitalRise’s standing as the preferred lender for prime property finance in the UK,” it said.
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