CapitalRise has secured a recent £250m funding line from an undisclosed financial institution, the prime property lender introduced this morning.
Based in 2015, CapitalRise says the funding facility is the fifth and largest it has ever secured.
CEO and co-founder Uma Rajah mentioned the credit score meant CapitalRise has “a resilient and various capital base”.
“Securing a facility of this scale and nature is a superb new addition to our present partnerships. It’s a testomony to our depth of experience and robust observe document on this specialist space of the actual property market.”
In October CapitalRise reached a milestone of £300m in cumulative lending, with over £100m of recent loans being processed within the earlier 12 months alone, proof it mentioned demonstrated the robustness of the prime property market within the UK.
CapitalRise targets loans of £1-20m with builders on the lookout for bridging or improvement loans for prime London and prime dwelling counties properties, with a lot of its newer lending in the direction of the higher finish of that vary (£10-20m) serving to to extend its development trajectory.
