The property on South Eaton Place was independently valued by Savills upon the completion of its outlined refurbishment project.
Prime central London development specialist Leconfield Property Group will be changing the internal layout of the property to maximise its potential.
“This property benefits from an internationally renowned address and we’re excited to witness its transformation, following its ambitious redevelopment,” said Uma Rajah, co-founder and CEO at CapitalRise (pictured above).
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“The borrower has selected Leconfield, a seasoned developer of prime property with a proven track record in the local area, to undertake this luxury project and we’re confident that this will be another success.”
Lyndon Miles, director of lending at CapitalRise, added: “This loan is another example of the flexible and agile approach we take to property finance, with our lending team able to create packages tailored to a client’s specific needs.
“Very few lenders are doing regulated development loans, but by working with another specialist, West One Loans, we were able to structure a bespoke deal that delivered a successful outcome for all parties.”