CapitalRise has signed a £30m funding line with a UK bank.
The capital will be directed to bridging loans in prime Central London (PCL), as well as high-end residential assets in Outer London and the Home Counties.
This is part of CapitalRise’s broader strategy to expand its bridging loan book.
The firm has seen growing demand for its bridging offering following an increase in origination; in 2022 short-term finance represented 15% of the loan book, but increased to 47% in 2023.
This funding line announcement followed growth in the firm’s existing capital sources, increasing its lending power.
In late 2023, CapitalRise achieved a milestone by securing a £250m funding line, which further underpinned its commitment to supporting property development in prime locations.
Additionally, CapitalRise increased a previous funding line by 50% in March 2024 to bolster and diversify further its sources of capital.
Uma Rajah (pictured), CEO and co-founder of CapitalRise, said: “Securing this additional £30m funding line for bridging loans further supports the diversification of our capital sources, ensuring a robust funding model.
“We are thrilled to secure this new funding line as part of our continued commitment to serving our clients with bespoke financial solutions.”
Pip Lashko-Sayers, associate director (capital markets) at CapitalRise, added: “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.
“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.”
