Uma Rajah / CapitalRise
CapitalRise secures £250m bank funding line
The fifth and largest funding facility CapitalRise has ever secured
CapitalRise has secured a fresh £250m funding line from an undisclosed bank, the prime property lender announced this morning.
Founded in 2016, CapitalRise says the funding facility is the fifth and largest it has ever secured.
CEO and co-founder Uma Rajah said the credit meant CapitalRise has “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.”
In October CapitalRise reached a milestone of £300m in cumulative lending, with over £100m of new loans being processed in the previous 12 months alone, evidence it said demonstrated the robustness of the prime property market in the UK.
CapitalRise targets loans of £1-20m with developers looking for bridging or development loans for prime London and prime home counties properties, with much of its more recent lending towards the upper end of that range (£10-20m) helping to increase its growth trajectory.