CapitalRise secures £250m bank funding line to elevate lending capabilities
We’re thrilled to announce a pivotal advancement at CapitalRise: the acquisition of a new £250 million bank funding line, a testament to our commitment to evolving and fortifying our lending capabilities.
This significant milestone marks the fifth and most substantial secured funding we’ve obtained to date. What sets this apart is its provision for fixed pricing options tailored for UK limited company borrowers, providing much-needed stability amidst the current fluctuations in interest rates. Stay tuned for more details on this game-changing offering in the months ahead.
Since our establishment in 2016, we’ve been dedicated to funding property developments, totaling an impressive £822 million across Prime Central London, Prime Outer London, and the Prime Home Counties. The resilience of the prime property sector, operating on distinct price cycles and attracting global buyers of substantial means, remains a core focus for us.
The escalating demand for funding has propelled us to fortify our funding avenues further. Strengthening and diversifying these channels allows us to remain agile, serving borrowers within the exclusive niches of the UK property market with our bespoke lending solutions.
Our CEO and Co-Founder, Uma Rajah, shares her excitement about the new funding line: “A diverse range of funding lines supports our business growth and ensures a resilient and diverse capital base. Acquiring a facility of this scale and nature is an excellent addition to our existing partnerships.”
Lee Francis, our Head of Origination, emphasizes the significance of this committed facility: “This new line will empower CapitalRise to continue meeting demand and provide substantial funding for projects in prime locations.”
Pip Lashko-Sayers, Associate Director, Capital Markets, reiterates our commitment to diversification and inclusivity: “We operate a multi-funded model and aspire to diversify our capital sources and product range further to support a wider range of borrowers.”
Our commitment to inclusivity and innovation remains unwavering, especially as we focus on the resilient prime property sectors. Equipped with enhanced tools and resources, we’re poised to embrace new opportunities on the horizon.
This significant acquisition reaffirms our expertise and solidifies CapitalRise’s standing as the preferred lender for prime property finance in the UK.
