CapitalRise announces landmark deal for Mayfair townhouse

By Bridging Loan Directory 8th August 2024

Leading specialist prime property finance company CapitalRise has announced its latest landmark deal – a £6.3 million loan to facilitate the enfranchisement of a prestigious townhouse in the heart of Mayfair.

The deal was introduced via real estate debt adviser Amy Griffiths, director at Colliers.

Situated on the esteemed South Audley Street within the London borough of the City of Westminster, Mayfair epitomizes luxury and exclusivity, making it one of the most sought-after areas in Prime Central London.

This renowned townhouse, the largest of this row, was originally built in 1736.

It is a stunning Grade II listed property set over lower ground, ground, and four upper floors, encompassing 10,707sq.ft. currently arranged as two residential apartments and office space.

It also features a private garden, one of Mayfair’s three “secret gardens”, which adds to its unique allure.

CapitalRise’s funding will support the purchase of the freehold title, and during the loan term, the sponsor aims to secure planning and listed building consents to transform the property into a prime residential scheme.

Although the property currently offers both office space and residential accommodation, the planned scheme will enhance its appeal as an exclusive residential asset in the heart of Mayfair.

The completion of this deal reinforces CapitalRise’s commitment to meeting the high demand for property finance it is seeing in the market.

The firm’s ability to serve this part of the market was recently bolstered further by the recent signing of a new £30m funding line with a well-known bank, which is dedicated specifically to bridging loans.

This strategic move enables CapitalRise to continue providing tailored financial solutions for Prime Central London properties, with multiple other deals in the pipeline.

Katy Katani, Director at CapitalRise, stated:

“It was an absolute pleasure to work with Amy Griffiths and Freddie Dunger from Colliers, and to be able to support such an internationally renowned sponsor.

The South Audley Street property is an exceptionally rare asset in one of the most sought-after areas of London.

Our commitment to providing bespoke financial solutions for such Prime Central London properties is perfectly reflected in this deal.”

Amy Griffiths, Director, Debt Advisory at Colliers, said:

“CapitalRise displayed their specialist expertise and understanding of prime luxury residential accommodation to support our client.

It was a real pleasure to work with Katy Katani and her team who were able to collaborate through numerous challenges to complete the financing in a timely manner.

We look forward to working on further transactions in the future.”