The funds will enable the conversion of a six-storey, mid-terrace house in the prime central London neighbourhood of Sloane Gardens into three new apartments, with a combined value of £9.75m.

The deal comes after a record-breaking month for CapitalRise, which originated £18m during December 2022 across five new loans — the highest number of deals it has closed in a single month since it was founded in 2016.

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The completion of this latest deal pushes the prime property finance firm further past the £250m origination milestone.

Raf Chowdhury, associate director at CapitalRise, said: “The company finished 2022 strongly and we are really pleased to have carried that momentum into the new year with the completion of this deal. 

“Sloane Gardens is situated between in the heart of prime central London, which remains an enduring allure to us as a business, given our in-house expertise in this market. 

“It is an exciting project and we look forward to overseeing progress of this luxury development to a high-quality finish.”