The specialist lender’s funding will allow for the modernisation of the property to a high specification.
The apartment will comprise three bedrooms and two bathrooms once completed.
Uma Rajah, co-founder and CEO at CapitalRise (pictured above), said: “CapitalRise is the ideal lending partner for prime developers undertaking unique residential projects in prime locations across London and the Home Counties.
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“This latest loan demonstrates our team’s willingness to think creatively and build bespoke financing solutions that enable developers to deliver complex business plans.”
James Lloyd, co-founder at Porthminster Group, added: “The prime market presents unique dynamics that only an expert in this space can truly understand.
“CapitalRise worked closely with us from the outset and was attentive to our requirements meaning [it was] able to quickly deliver a flexible security package, enabling us to begin work on this exciting project.”