This latest funding line is the fifth and largest secured by the firm to date.

Alongside variable pricing options, this funding line will now also enable CapitalRise to offer fixed pricing for UK limited company borrowers, providing its customers with greater cost certainty against the current backdrop of interest rate volatility.

More will be announced by the firm in the coming months on this new offering.

CapitalRise has seen strong demand for funding from borrowers and its loan book has grown significantly since its inception in 2016. 

CapitalRise has funded property developments across prime central London, prime outer London and the prime home counties to the value of £859m.

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By continuing to diversify and strengthen its funding lines, the firm can respond to this demand and continue to serve borrowers in these exclusive corners of the UK property market with its flexible, bespoke lending solutions.

Lee Francis, head of origination at CapitalRise (pictured above), said: “This new facility will enable CapitalRise to continue responding to demand and offer greater volumes of funding for projects in the best locations.

“Our specialised sector expertise and robust lending practises have allowed us to keep our door wide open to new enquiries, at a time when many other lenders are retrenching from the market.

“This additional lending capacity and the introduction of fixed pricing also provides cost certainty for borrowers during times of volatile interest rates, and further solidifies our position as the lender of choice for prime property finance in the UK.”