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CapitalRise obtains £250m bank funding line

  • 15/01/2024
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CapitalRise obtains £250m bank funding line
Property finance firm CapitalRise has secured a £250m bank funding line to “diversify and increase the resilience of its capital sources and facilitate further lending growth”.

The latest funding line is the fifth and biggest secured by CapitalRise to date.

The company says the funding will allow it to offer fixed pricing for UK limited company borrowers and provide “greater cost certainty” to customers.

Further details of its fixed rate offering will be confirmed in the coming months.

CapitalRise was founded in 2016 and has backed property developments in prime Central London, prime Outer London and prime Home Counties to the value of £859m.

The company said that demand has been strong from borrowers, leading to strong loan book growth.

It continued that by diversifying and strengthening its funding lines the company can meet this demand and offer “flexible, bespoke lending solutions” to the “exclusive corners” of the UK property market.

Uma Rajah, CEO and co-founder of CapitalRise, said: “A diverse range of funding lines support the growth of the business and provide us with a resilient and varied capital base. Securing a facility of this scale and nature is a great new addition to our existing partnerships.

“It is a testament to our depth of expertise and strong track record in this specialist area of the real estate market. We continue to grow the team too, bringing new talent into nearly every department of the business. Combining this new funding line with increased capacity within the team enables us to turbo-charge our growth and serve increasing numbers of borrowers.”

Lee Francis, head of origination at CapitalRise, said: “This new facility will enable CapitalRise to continue responding to demand and offer greater volumes of funding for projects in the best locations.

“Our specialised sector expertise and robust lending practises have allowed us to keep our door wide open to new enquiries, at a time when many other lenders are retrenching from the market.

“This additional lending capacity and the introduction of fixed pricing also provides cost certainty for borrowers during times of volatile interest rates, and further solidifies our position as the lender of choice for prime property finance in the UK.”

Pip Lashko-Sayers, associate director, capital markets at CapitalRise, added: “We operate a multi-funded model and retain an ambition to diversify both our capital sources and product range even further to support a wider range of borrowers. Our door remains very much open, and we are always keen to discuss new institutional funding lines to supplement the considerable existing capital resources.

“The sectors that we focus on – prime Central and Outer London, and the prime Home Counties – continue to buck trends seen in the wider UK property market, as the prime sectors run on an entirely distinct cycle. There remains a vast range of attractive investment opportunities in our target markets that we are keen to support, particularly with enhanced tools and resources at our disposal.”

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