CapitalRise inks £30m funding line for bridging loans
CapitalRise has secured a £30m funding line with a UK bank to expand its bridging loan book.
The prime property lending platform said that the capital will be used to finance bridging loans for high-end residential assets in Prime Central London, Outer London and the Home Counties.
CapitalRise said that it has seen growing demand for its bridging offering of late. In 2022, short-term finance represented 15 per cent of its loan book, but this increased to 47 per cent in 2023.
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The firm also said that the deal further solidifies its relationship with the unnamed banking partner, with whom it has previously closed several deals.
“Securing this additional £30m funding line for bridging loans further supports the diversification of our capital sources, ensuring a robust funding model,” Uma Rajah (pictured), chief executive and co-founder of CapitalRise. “We are thrilled to secure this new funding line as part of our continued commitment to serving our clients with bespoke financial solutions.”
The latest funding line announcement comes after CapitalRise secured a £250m funding line in late 2023 and increased a previous funding line by 50 per cent in March 2024.
To support its bridging finance expansion, CapitalRise also recently hired Imogen Williams as business development director. She has 11 years of industry experience with a specialism in short-term finance and will focus on supporting further growth in the firm’s bridging loan book.
“The new funding line not only helps us to meet the growing demand for bridging finance but also builds on our strong partnership with this renowned UK bank, with whom we have had a relationship with for the past seven years,” said Pip Lashko-Sayers, associate director (capital markets) at CapitalRise.
“Having completed several transactions together during this time, it is great to now formalise and expand the relationship with this latest funding line. We look forward to continuing to offer flexible and competitive finance solutions to prime property borrowers together.”
