CapitalRise Lends On £17m Belgravia Mansion Project

CapitalRise has extended the first phase of a bespoke financing package for the redevelopment of a six storey mansion in London’s Belgravia.

The 5,200 sq ft luxury, six-bedroom stucco-fronted mansion is located on South Eaton Place. The project includes changing the internal layout of the property to maximise its potential and will be carried out by prime central London specialist developer Leconfield Property Group. An independent valuation suggests the mansion will be worth £17m on completion.

Uma Rajah, Co-founder and CEO at CapitalRise, comments: “CapitalRise has become a well-established lender for unique developments in prime locations across the most exclusive postcodes in London and the Home Counties. Our skilled lending team works with borrowers on an individual basis to quickly create tailored funding solutions that require the agility and prime expertise that only a specialist lender such as us could provide.

“This property benefits from an internationally renowned address and we’re excited to witness its transformation, following its ambitious redevelopment. The borrower has selected Leconfield, a seasoned developer of prime property with a proven track record in the local area, to undertake this luxury project and we’re confident that this will be another success.”

Development finance for high end property has conventionally been difficult to access. However, this project is one example of how fintech is making projects that were previously impossible possible. CapitalRise has now lent against over £315m of prime property in locations such as Mayfair, Knightsbridge, Holland Park, Belgravia and the Home Counties.

Source CapitalRise
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