CapitalRise inks largest funding line to date

Prime property investment platform CapitalRise has announced a £250m funding line, which it says will enable it to launch a new fixed pricing option for UK limited company borrowers.

The new funding line, agreed with an unnamed bank, is the fifth and largest secured by the firm to date.

“A diverse range of funding lines support the growth of the business and provide us with a resilient and varied capital base,” said Uma Rajah, chief executive and co-founder of CapitalRise.

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“We continue to grow the team too, bringing new talent into nearly every department of the business. Combining this new funding line with increased capacity within the team enables us to turbo-charge our growth and serve increasing numbers of borrowers.”

CapitalRise said that fixed pricing will offer its customers greater cost certainty against the current backdrop of interest rate volatility. It said it will announce more about this new offering in the coming months.

It will also continue offering variable pricing options.

“This new facility will enable CapitalRise to continue responding to demand and offer greater volumes of funding for projects in the best locations,” said Lee Francis (pictured), head of origination at CapitalRise.

“This additional lending capacity and the introduction of fixed pricing also provides cost certainty for borrowers during times of volatile interest rates, and further solidifies our position as the lender of choice for prime property finance in the UK.”

The announcement follows CapitalRise’s latest annual results, which revealed that the firm narrowed its losses in its last financial year.

It also reported a 70 per cent increase in its live gross loan book to £160m in the year ended 31 July 2023.