The 13,000 sq ft dweilling on the Wentworth Estate

CapitalRise funds £5m for luxury dwelling development



Specialist finance lender CapitalRise has funded a £5m loan for the development of a 13,000 sq.ft dwelling on the Wentworth Estate in Virginia Water, Surrey.


The three-story, detached property — built by luxury housebuilder Octagon Developments — will comprise a master suite and three ensuite double bedrooms, as well as high-calibre features including a five-car garage, wine cellar, and cinema room.

The 65% LTGDV 24-month facility will also fund the refinance and demolition of an existing property on the plot.

The deal closely follows an £8.5m development loan that CapitalRise originated on the Wentworth Estate in November 2022 and marks Octagon’s 32nd project there.

Lee Francis, lending director at CapitalRise, said: “We are delighted to be continuing our work on the exclusive Wentworth Estate and expanding our portfolio within the prime home counties.

“It is always a pleasure to work with accomplished developers such as Octagon and we look forward to overseeing the progress of the development.”

Angus McQuhae, director at Octagon, added: “We have worked on projects on the prestigious Wentworth Estate for many years and are thrilled to be involved in this latest project, this time alongside CapitalRise.

“With shared expertise in prime real estate and our history of delivering unique projects like this, we are confident the result will be another development designed and built to the clients’ requirements.”

 



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