CapitalRise and Arc & Co. structure a £6.5m loan for the development of a luxury house in Mayfair

By Bridging Loan Directory 17th April 2024

Leading specialist prime property finance company CapitalRise has today announced a £6.5 million loan to facilitate the acquisition and development of a prestigious Mews House in the heart of Mayfair.

The deal was introduced via real estate debt and equity adviser Vishal Dixit at Arc & Co.

Situated on the esteemed Mount Row within the London borough of the City of Westminster, Mayfair epitomises luxury and exclusivity, making it one of the most sought-after areas in Prime Central London.

The Property comprises of a terraced mews house spread across five floors. It is undergoing a transformative development, including a basement slated for conversion into a cinema room, a garage, and a gym, as well as, a highly desirable south-facing terrace.

The planned project aims to convert the existing layout into a 3-bedroom residence, with each bedroom boasting its own en-suite, set over 3,193 sq.ft.

CapitalRise continues to structure innovative, bespoke financing to meet demand from prime property developers looking for value added funding solutions for developments in London and the Home Counties.

The endeavour is backed by CapitalRise’s recent securing of a £250 million funding line, further fortifying its ability to finance prime property projects like the one in Mayfair.

Katy Katani, Director at CapitalRise, stated:

“We are thrilled to be facilitating this exceptional development in Mayfair.

As specialists in Prime Central London, we are dedicated to supporting projects that exemplify the epitome of luxury living in London’s most prestigious neighbourhoods.

Our latest venture underscores our commitment to providing bespoke financial solutions tailored to the unique needs of our clients and the properties we finance.

The recent securing of a £250 million funding line will further empower us to finance projects of similar calibre, ensuring we continue to play a pivotal role in shaping the landscape of Prime Central London real estate.”

Vishal Dixit, Senior Broker at Arc & Co., said:

“We are delighted to have partnered with Katy Katani and CapitalRise for the provision of a senior debt facility for our client.

This is a wonderful example of what can be achieved with all key parties including sponsor, lender, adviser, and professionals, working collaboratively for the common goal in a tight timeframe of 7 weeks.

CapitalRise’s experience and breadth of knowledge in understanding this sector made them the ideal lender to partner with our client.”