Property finance provider, CapitalRise, has announced a new £250m bank funding line, the fifth and largest secured by the firm to date.

The move forms part of a wider approach by CapitalRise to increase the resilience of its capital sources and facilitate further lending growth.

Alongside variable pricing options, the latest funding line will also enable CapitalRise to offer fixed pricing for UK limited company borrowers, providing its customers with greater cost certainty against the current backdrop of interest rate volatility.

Since its inception in 2016, CapitalRise has funded prime property developments across central London, outer London and the home counties to the value of £859m. The prime property market is renowned for its resilience relative to the wider property market.

CEO and co-founder of CapitalRise, Uma Rajah, said: “A diverse range of funding lines support the growth of the business and provide us with a resilient and varied capital base. Securing a facility of this scale and nature is a great new addition to our existing partnerships.

“It is a testament to our depth of expertise and strong track record in this specialist area of the real estate market. We continue to grow the team too, bringing new talent into nearly every department of the business. Combining this new funding line with increased capacity within the team enables us to turbo-charge our growth and serve increasing numbers of borrowers.”

Head of origination at CapitalRise, Lee Francis, added: “Our specialised sector expertise and robust lending practises have allowed us to keep our door wide open to new enquiries, at a time when many other lenders are retrenching from the market.

“This additional lending capacity and the introduction of fixed pricing also provides cost certainty for borrowers during times of volatile interest rates, and further solidifies our position as the lender of choice for prime property finance in the UK.”

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