CapitalRise has revealed a further expansion of its funding capacity.
The firm 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 builds upon CapitalRise’s recent securing of a £250 million bank funding line.
In addition, another = 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.
“Our continued success in securing additional funding underscores our position as a trusted partner in prime property finance. We have really enjoyed working with this funding partner since 2022, and are delighted that this extension will allow us to do even more projects together”, said Uma Rajah, CEO and co-founder of CapitalRise.
Lee Francis, head of origination at CapitalRise, added: “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.”
