CapitalRise has achieved a significant milestone with the acquisition of a new £250 million bank funding line, underscoring its commitment to strengthening lending capabilities. This marks the fifth and most substantial secured funding obtained by the company to date. Notably, the funding line offers fixed pricing options tailored for UK limited company borrowers, providing stability amid fluctuating interest rates.
Since its inception in 2016, CapitalRise has been dedicated to funding property developments, totaling an impressive £822 million across Prime Central London, Prime Outer London, and the Prime Home Counties. The company’s focus on the resilient prime property sector, which operates on distinct price cycles and attracts global buyers, remains unwavering.
The escalating demand for funding has prompted CapitalRise to bolster its funding avenues further, ensuring agility in serving borrowers within exclusive niches of the UK property market with bespoke lending solutions. CEO and Co-Founder Uma Rajah expresses enthusiasm about the new funding line, highlighting its role in supporting business growth and ensuring a resilient capital base. Head of Origination Lee Francis emphasizes the significance of the committed facility in meeting demand and providing substantial funding for projects in prime locations.
Associate Director, Capital Markets, Pip Lashko-Sayers reiterates the company’s commitment to diversification and inclusivity, underscoring its aspiration to support a wider range of borrowers through a multi-funded model.
CapitalRise’s dedication to inclusivity and innovation in the resilient prime property sectors is underscored by its acquisition of enhanced tools and resources, positioning it to embrace new opportunities on the horizon. This significant acquisition reaffirms the company’s expertise and solidifies its standing as the preferred lender for prime property finance in the UK.
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By Proptechbuzz
By Ravi Kumar