CapitalRise secures £30m funding line for bridging loans

The capital, from a “well-known UK bank”, will be directed towards bridging loans in prime Central London as well as high-end residential assets on the city’s outskirts and in the Home Counties.

CapitalRise has seen growing demand for bridging loans in recent times, as well as an increase in bridging loan origination.

In 2022, short-term finance represented 15% of the firm’s loan book but this increased to 47% in 2023.

“Securing this additional £30m funding line for bridging loans further supports the diversification of our capital sources, ensuring a robust funding model,” said Uma Rajah, CEO and co-founder of CapitalRise (pictured above).

“We are thrilled to secure this new funding line as part of our continued commitment to serving our clients with bespoke financial solutions.”

This follows other recent developments from the finance company to increase its funding provisions.

At the end of 2023, CapitalRise gained a £250m funding line to further support developments in prime locations.

This was followed in March 2024 with the firm securing a 50% increase to an existing funding line to bolster and further diversify its sources of capital.

Pip Lashko-Sayers, associate director of capital markets at CapitalRise, added: “The new funding line not only helps us to meet the growing demand for bridging finance but also builds on our strong partnership with this renowned UK bank, with whom we have had a relationship with for the past seven years. 

“Having completed several transactions together during this time, it is great to now formalise and expand the relationship with this latest funding line.”