specialist prime property investment platform, has extended an £8.1m
development loan for Heronslea’s luxury 10 unit apartment scheme in Radlett,
The completed scheme extending
to 14,000 sq ft has been independently valued at £12.2m. The latest loan will
take CapitalRise loans, against prime property assets in locations such as Mayfair, Knightsbridge and the Home Counties, to £300m
Uma Rajah, Co-founder and
CEO at CapitalRise, comments: “This high quality development sits in
CapitalRise’s sweet-spot, as we increasingly write bigger ticket loans and
attract leading professional developers who are drawn to our recognised
expertise of the prime market coupled with our ability to provide quick and
reliable finance tailored to their needs.
“We’re delighted to be
working in partnership with Heronslea, who have a solid reputation for building
beautiful developments to the highest standard in this desirable home counties
commuter town; we’re confident that this project will be yet another success.”
The London and south east high end residential
market remains uncertain due to impending Brexit. This loan represents a vote
of confidence in the market by both the developer, as well as the lender.
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