CapitalRise secures £250m bank funding line to further accelerate its lending capabilities
Summary
By continuing to diversify and strengthen its funding lines, the firm can respond to this demand and continue to serve borrowers in these exclusive corners of the UK property market with its flexible, bespoke lending solutions.Uma Rajah, CEO and Co-Founder of CapitalRise, said:A diverse range of funding lines support the growth of the business and provide us with a resilient and varied capital base. Combining this new funding line with increased capacity within the team enables us to turbo-charge our growth and serve increasing numbers of borrowers.Lee Francis, Head of Origination at CapitalRise, said:This new facility will enable CapitalRise to continue responding to demand and offer greater volumes of funding for projects in the best locations. Our specialised sector expertise and robust lending practises have allowed us to keep our door wide open to new enquiries, at a time when many other lenders are retrenching from the market. 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.We operate a multi-funded model and retain an ambition to diversify both our capital sources and product range even further to support a wider range of borrowers. There remains a vast range of attractive investment opportunities in our target markets that we are keen to support, particularly with enhanced tools and resources at our disposal.