CapitalRise has announced a £6.3 million loan to facilitate the enfranchisement of a townhouse in the heart of Mayfair.
The deal was introduced via real estate debt adviser Amy Griffiths, director at Colliers.
Situated on South Audley Street, the townhouse, the largest of this row, was originally built in 1736. It is a Grade II listed property set over lower ground, ground, and four upper floors, encompassing 10,707sq.ft. currently arranged as two residential apartments and office space. It also features a private garden.
CapitalRise’s funding will support the purchase of the freehold title, and during the loan term, the sponsor aims to secure planning and listed building consents to transform the property into a prime residential scheme. Although the property currently offers both office space and residential accommodation, the planned scheme is designed to enhance its appeal as an exclusive residential asset in the heart of Mayfair.
Katy Katani, director at CapitalRise, said: “It was an absolute pleasure to work with Amy Griffiths and Freddie Dunger from Colliers, and to be able to support such an internationally renowned sponsor. The South Audley Street property is an exceptionally rare asset in one of the most sought-after areas of London. Our commitment to providing bespoke financial solutions for such Prime Central London properties is perfectly reflected in this deal.”
Amy Griffiths, director, debt advisory at Colliers, added: “CapitalRise displayed their specialist expertise and understanding of prime luxury residential accommodation to support our client. It was a real pleasure to work with Katy Katani and her team who were able to collaborate through numerous challenges to complete the financing in a timely manner. We look forward to working on further transactions in the future.”
