Leading prime property finance company CapitalRise announces the successful signing of a new £30 million funding line with a well-known UK bank. The new funding line reflects the company’s commitment to meeting the current high demand for bridging finance in the market and further solidifies its robust relationship with the banking partner, with whom CapitalRise has successfully closed several deals.

The newly secured capital will be directed towards 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 recently, following an increase in bridging loan origination. In 2022, short-term finance represented 15% of the loan book but increased to 47% in 2023.

This new funding line announcement follows strong growth in the firm’s existing capital sources, significantly increasing its lending firepower. In late 2023, CapitalRise achieved a substantial milestone by securing a £250 million funding line, which further underpins the company’s 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. This expansion includes a revolver mechanism, enabling efficient redeployment of redeemed funds to maximise lending potential.

As part of CapitalRise’s expansion, Imogen Williams recently joined as Business Development Director. Imogen brings 11 years of industry experience with a specialism in short term finance. She will focus on supporting further growth in the business’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 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.”