CapitalRise secures additional funding

By Bridging Loan Directory 20th March 2024

CapitalRise has announced a further expansion of its funding capacity.

The firm has secured an additional 50% increase to an existing institutional funding line with a UK investment manager, which was originally signed in November 2022.

This expansion to the funding line underscores CapitalRise’s continued commitment to diversifying and deepening its capital sources, ensuring a robust funding model to support even more high-quality property development projects across Prime London, the Home Counties and beyond.

This milestone builds upon CapitalRise’s recent securing of a £250 million bank funding line, exemplifying the company’s dedication to fortifying its lending capabilities and serving even more experienced borrowers in some of the best postcodes across the South East.

Alongside the 50% expansion, another notable enhancement to the facility includes the introduction of a revolver mechanism, enabling CapitalRise to efficiently redeploy funds that redeem.

This will allow the firm to maximise the funding line’s lending potential and facilitate smoother project executions.

“Our continued success in securing additional funding underscores our position as a trusted partner in prime property finance.

We have really enjoyed working with this funding partner since 2022, and are delighted that this extension will allow us to do even more projects together”, comments Uma Rajah, CEO and Co-Founder of CapitalRise.

Lee Francis, Head of Origination at CapitalRise, emphasises the significance of the enhancement to the firm’s lending capacity:

“The increase in this facility allows us to meet the escalating demand for bespoke lending solutions from our borrowers.

With this expanded funding line, CapitalRise has further solidified our reputation as the preferred lender for prime property development finance.”

CapitalRise remains committed to diversification, operating a robust multi-funded model.

We believe that having a range of capital sources significantly improves the resilience of our business”, adds Pip Lashko-Sayers, Associate Director of Capital Markets.