CapitalRise has expanded its funding capacity and secured an additional 50% increase to an existing institutional funding line.

The existing funding agreement, with an unnamed UK investment manager, was originally signed in November 2022.

Alongside the 50% expansion, another enhancement to the facility includes the introduction of a revolver mechanism, enabling CapitalRise to efficiently redeploy funds that redeem. This will allow the firm to maximise the funding line’s lending potential and facilitate smoother project executions.

CapitalRise suggested the move builds upon the company’s recent securing of a £250m bank funding line, allowing it to serve more borrowers in the South East.

“Our continued success in securing additional funding underscores our position as a trusted partner in prime property finance,” CEO and co-founder of CapitalRise, Uma Rajah, said.

“We have really enjoyed working with this funding partner since 2022, and are delighted that this extension will allow us to do even more projects together.”

Head of Origination, Lee Francis, added: “The increase in this facility allows us to meet the escalating demand for bespoke lending solutions from our borrowers. With this expanded funding line, CapitalRise has further solidified our reputation as the preferred lender for prime property development finance.”

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