CapitalRise and LDNfinance complete £8.5m loan for Surrey development



CapitalRise has provided an £8.5m loan for the acquisition and development of a house on the Wentworth estate in Virginia Water, Surrey.


The 60.5% LTGDV loan, agreed over a 24-month term, will facilitate the completion of the new-build detached house on the property, which will be set over three floors on a one-acre plot and will have an estimated sale price of £16m once complete.

The dwelling will comprise five en-suite bedrooms plus staff accommodation, as well as a large subterranean element with leisure facilities — including a swimming pool, gym, spa, wine room, cinema, and games room.

The deal was introduced to the firm by James Palmer, associate director at LDNfinance.

Katy Katani, director at CapitalRise, said: “We are extremely proud and delighted to be working on one of the most impressive developments in the Wentworth Estate, backed by such exceptional developers.

“We are well known for funding loans for property projects in prime central and outer London, but have also been assisting developers to deliver properties in the Home Counties for many years — a region where we continue to expand our remit.

“We worked very closely with LDNfinance to construct a tailored package for the client, and we look forward to overseeing the progress of the development.”

James added: “When arranging finance for our client, we knew CapitalRise fitted the brief in our search for a lender who specialises in high-value, multi-million-pound loans.

“With extensive knowledge on prime property stock, Katy and the rest of the team were able to tailor a facility that best suited the client.

“The borrower was delighted with the outcome, and we look forward to many prosperous years ahead working with CapitalRise."

 



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