CapitalRise Closes £4.7m Bridging Loan for Development Exit in Prime Bath
CapitalRise announces the completion of a £4.7 million bridging loan to support the development exit of two exquisitely refurbished Grade II listed townhouses in the heart of Bath – a new location for the lender as it continues to expand its footprint across the wider South of England.
The properties are perfect examples of the kind of high-end real estate that CapitalRise is proud to support. One of the homes overlooks the iconic Royal Crescent, and both have been meticulously restored to reflect their architectural heritage and elegance.
Bath remains one of the UK’s most desirable prime residential locations, and CapitalRise is pleased to be backing a project of this calibre in the area.
This latest transaction reflects CapitalRise’s ongoing geographical expansion, following recent deals in Gloucester, Epping Forest, and Ascot. While the firm remains a leading provider of bridging and development finance for prime residential projects in London and the South East, it is increasingly supporting diversified real estate strategies across a broader range of locations.
This bespoke bridging facility was structured to enable the borrower to exit their development loan, release equity, and move on to their next luxury project. The deal was introduced by one of CapitalRise’s trusted broker partners, and the lender worked closely with all parties to deliver a tailored solution that met the borrower’s timeline and objectives.
The deal was originated by Lorenzo Satchell, Director of Sales at CapitalRise, who commented:
“At CapitalRise, we’re focused on delivering fast, flexible finance for experienced developers and property investors, and this transaction is a great example of that in action. It’s been a pleasure working with such a capable intermediary and borrower, and I’m grateful to everyone involved, especially Max Brady, our Credit Analyst, who provided outstanding support throughout.”
This transaction reinforces CapitalRise’s commitment to providing specialist bridging and development finance for high-end property across a range of asset classes and locations.
