CapitalRise funds mezzanine loan for £9.45m GDV property in central London

CapitalRise has completed a mezzanine loan — agreed on a 20-month term — to facilitate the sale of a newly-refurbished Grade II-listed property in Mayfair, central London.

Originally built in the 18th century, the property, located a few minutes away from Hyde Park and Grosvenor Square, had recently undergone complete refurbishment.

Katy Katani, associate director at CapitalRise, said: “Mayfair remains one of the most coveted postcodes in the world. 

“It is exciting to see a building with such a rich history refurbished to an extremely high standard and we are proud to be facilitating this loan for such an exceptional property.

“Our mezzanine loan offer continues to be an attractive proposition for developers and we are delighted to be working such high-calibre property entrepreneurs.

Tom O’Brien, associate director at Enness Global, who worked with CapitalRise on the deal,  commented: “It was a pleasure to work with Katy and her team throughout the process. 

“Their superior experience and knowledge in the prime London market meant that they were able to offer a great option to our client and execute with speed and efficiency.”

Earlier this year, CapitalRise revealed that it has lent over £100m to property developers since its inception.

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