CapitalRise Announces Bespoke £8.7m Development Loan for new St. George’s Hill Mansion

Leading specialist prime property finance company CapitalRise has announced its latest landmark deal – an £8.7 million loan to fund the development of a luxury new-build mansion on the prestigious St. George’s Hill Estate.

The development will deliver over 12,700 sq.ft. of living space across three floors. In terms of style, proportions and accommodation, the project is considered best-in-class for the area.  Located on the sought-after St. George’s Hill Estate – a private gated community in Weybridge, Surrey that extends over 964 acres – the property is situated on an exceptional plot that borders the private golf course and boasts a south-west facing orangery and garden.

CapitalRise provided a bespoke financing solution to the Borrower part-way through the development, which added a degree of complexity to the transaction – although CapitalRise’s experience with these types of projects proved valuable when structuring the facility. Having self-funded the development to date, the Borrower decided it was an opportune time to secure debt financing to complete the project.

CapitalRise’s specialist prime property expertise and flexible approach to development finance made the firm a natural choice. The lender structured a highly tailored package to meet the Borrower’s specific requirements and provide the flexibility that he needed.

The deal was originated by Raf Chowdhury, Director at CapitalRise, who has a strong and longstanding working relationship with the Borrower, dating back over nine years. The Borrower is an experienced developer and property professional with an extensive real estate investment portfolio. Raf and the CapitalRise team pride themselves on their relationship-led approach to lending, which is especially important with more complex deals like this.

The legal due diligence was completed with the assistance of Ayesha Hasan, Head of London Real Estate, and Kate Siggers, Associate Solicitor, both of Irwin Mitchell. The law firm, known for its specialist knowledge and experience across all aspects of real estate transactions, played a pivotal role in the completion of the development finance loan.

This landmark deal underscores CapitalRise’s robust performance following a record-breaking week earlier in April, when the firm closed £24m of new loans in 24 hours – marking the biggest single day of completions since the firm was founded. This latest run of new loans takes CapitalRise to over £470m of origination. The firm’s financial strength and diverse sources of capital, now totalling around £500m, have enabled the company to continue funding high-value projects such as this St George’s Hill development.

This development loan also solidifies CapitalRise’s status as a leading provider in the prime property finance sector throughout London and the broader South East, maintaining a strong emphasis on delivering tailored development, mezzanine, and bridging solutions for quality property ventures.

Commenting on the deal, Raf Chowdhury, Director at CapitalRise, stated:

“We are proud to have closed a tailored development finance loan for an exceptional client of mine on a truly standout project. Supporting luxury developments with well thought-out designs in established and exclusive prime areas like St George’s Hill is exactly what we’re passionate about at CapitalRise. We look forward to helping the client bring his vision to life. It has been a pleasure to work with trusted partners Irwin Mitchell once again and, in particular, Ayesha Hasan and Kate Siggers, who were able to meet our bespoke requirements in a timely manner.”

Ayesha Hasan, Head of London Real Estate at Irwin Mitchell, adds:

“At Irwin Mitchell, we understand there are no one-size-fits-all solutions, and all parties involved responded with great adaptability to ensure the best possible outcome. It has been great to work with Raf and his team at CapitalRise, whose prime property expertise was evident throughout the transaction. We look forward to many more deals together.”