This latest scheme will see CapitalRise underwrite the development loan — its largest to date — with the funds being used to refinance an existing lender and fund ongoing construction activities.
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The planned property has been independently valued at £50m and will feature five en suite bedrooms, an underground swimming pool, gym, bowling alley and cinema, with the scheme expected to reach completion this summer.
“Prime is a market that we have longstanding experience of, on both the lending and development sides, allowing us to lend prudently and navigate any stage of the property cycle to find profitable opportunities,” said Uma Rajah, co-founder and CEO at CapitalRise.
“Our team has the expertise to select only the highest quality developments ensuring we bring optimum value to CapitalRise investors, who we also invest alongside, and to our borrowers, who we can support at every step of their project.”