CapitalRise 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 its capital sources, ensuring a robust funding model to support even more property development projects across prime London, the home counties and beyond.
This milestone builds upon CapitalRise’s recent securing of a £250m 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.
Lee Francis, head of origination at CapitalRise (pictured above), commented: “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.”
No Comment! Be the first one.