Steffan Goold

CapitalRise launches mezzanine loan offer

CapitalRise has introduced a new mezzanine offer available until 30th June 2018 for prime property.

The online property finance lender is offering loan rates from 13% pa on 65% LTV, 14% pa on 70% LTV and 15% pa on 75% LTV.

There is also a 1% arrangement and exit fee on each loan. 

CapitalRise offers mezzanine finance for prime residential and commercial property for loan terms of up to 36 months. 

Loans range from £750,000-20m up to 75% LTV with rolled up or serviced interest. 

Steffan Goold, head of lending at CapitalRise (pictured above), said it had launched this offer in response to the feedback it was getting from borrowers.

“With high street banks scaling back their leverage there is increasing demand for mezzanine finance from borrowers who are struggling to fill the gap with additional equity.

“With developers facing increasing sales periods I see the combination of senior and mezzanine finance becoming the preferred choice over stretch senior finance. 

“While stretch senior loans, which we also provide, are still a great solution for certain schemes, our market leading mezzanine pricing combined with the low rates offered by high street banks is an attractive proposition for developers.”

CapitalRise offers credit approval within days and funding within two weeks with introducer fees paid on this product offer.

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