CapitalRise secures £30 million funding line for bridging loans

CapitalRise, a leading prime property finance company, has successfully secured a new £30 million funding line with a prominent UK bank.

This latest funding round aims to meet the surging demand for bridging finance and reinforces the company’s strong relationship with its banking partner, which has seen several successful deals closed together.

The newly acquired capital will be allocated to bridging loans in Prime Central London (PCL) and high-end residential assets in Outer London and the Home Counties. This move is part of CapitalRise’s broader strategy to expand its bridging loan portfolio, addressing the increased market demand.

CapitalRise has experienced significant growth in its bridging loan origination, with short-term finance rising from 15% of its loan book in 2022 to 47% in 2023. This trend underscores the increasing appetite for flexible, short-term financing solutions in the property market.

This funding line follows CapitalRise’s impressive growth trajectory, including a substantial £250 million funding line secured at the end of 2023 and a 50% increase to an existing line in March 2024. These enhancements have considerably boosted the company’s lending capacity, incorporating a revolver mechanism to efficiently redeploy redeemed funds and maximise lending potential.

As part of its expansion efforts, CapitalRise recently appointed Imogen Williams as Business Development Director. With 11 years of industry experience and a specialism in short-term finance, Imogen is set to drive further growth in the firm’s bridging loan book.

Uma Rajah, CEO and Co-Founder of CapitalRise, commented: “Securing this additional £30 million 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 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.”