CapitalRise provides mezzanine facility for £4m luxury penthouse in Hyde Park

CapitalRise has completed a mezzanine loan for a £4m GDV luxury penthouse apartment in London’s Hyde Park Estate.

The facility — agreed at 73% LTV on a 12-month term — was paired up with a development exit loan provided by a second lender to refinance the borrower’s existing funding and to allow more time for the sale of the property.

Arc & Co introduced the deal to CapitalRise and advised the client on structuring the mezzanine loan.

The new-build apartment, complete with outdoor space, has been constructed above two recently restored white stucco buildings on a garden square.

Katy Katani, associate director at CapitalRise (pictured above), said: “This exceptional property benefits from an internationally renowned address, and we’re excited to be working with an entrepreneurial prime central London developer with a proven track record in the local area. 

“This loan is another example of the flexible and agile approach we take to property finance and confirms our appetite for providing mezzanine for prime property assets.”

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