CapitalRise provides £7.4m loan for two luxury dwellings in Marlow

Specialist finance lender, CapitalRise, has provided a £7.4m facility for the development of two detached properties, totalling 17,490 sq. ft on a private 15-acre plot of land in Marlow.

Planning permission has been approved for the development of the dwellings, located within an area of outstanding natural beauty with views over Marlow Hills.

The northern plot will be a mansion with leisure facilities such as a cinema, gym, games room, bar area, entertainment room, ballroom and dance floor.

The southern plot will include a detached single story contemporary dwelling with an outdoor pool.

The estimated loan term for the development was agreed at 24-30 months — with the borrowers planning to sell the properties on the open market upon completion as the exit plan.

CapitalRise worked with Sterling Professional Finance to fund this private development alongside the developer, which has a wealth of experience in luxury, high-end residential property schemes in Buckinghamshire.

Katy Katani, director at CapitalRise (pictured above), commented: “We are proud and excited to be involved in this project backed by experienced developers.

“Working with such a first-class delivery team in desirable locations is exactly the type of project we love to fund.”

Manish Babla, a senior consultant at Sterling Professional Finance who introduced the deal, added: “With a full review, credit assessment and site visits, the team at CapitalRise were able to put together an offer, allowing the client to raise sufficient funds to complete the development and re-pay the current mortgagee.”

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