CapitalRise Completes £5.5m Senior Development Loan for Georgian Townhouse Redevelopment in Belgravia

CapitalRise has successfully completed a £5.5 million senior development loan to fund the acquisition and redevelopment of a townhouse on Chapel Street in Belgravia, one of London’s most prestigious prime central residential locations. Originated by Raf Chowdhury, Lending Director at CapitalRise, the transaction will support the transformation of a currently uninhabitable period property into a luxury, five-bedroom family home.

Located on Chapel Street, the property forms part of a Georgian terrace in the heart of Belgravia. Arranged over six floors and extending to approximately 3,500 sq. ft. in its current form, the townhouse has remained unoccupied and unmaintained for many years, presenting a rare opportunity to create an exceptional new residence in one of London’s most sought-after neighbourhoods.

The surrounding area is characterised by elegant period architecture, with Belgrave Square, Buckingham Palace Gardens and some of London’s finest retail, hospitality and cultural amenities all within easy reach. Belgravia continues to be one of the capital’s most established and resilient luxury residential markets.

The approved redevelopment will include a basement extension and the replacement of the existing conservatory with a new single-storey extension. Upon completion, the property will provide accommodation across seven levels, delivering a substantial five-bedroom home finished to an exceptional standard.

Planned features include air conditioning throughout the property, a gym and cinema area, video entry systems, and premium interior finishes – including high-quality wooden flooring, luxury stone surfaces, and bespoke detailing – designed to appeal to discerning purchasers.

Such a complex project required a flexible and solutions-focused funding approach from CapitalRise. The transaction involved evolving deal dynamics, a simultaneous Share Purchase Agreement, and demanding execution timelines – all requiring close collaboration across multiple parties to ensure a timely completion. CapitalRise’s underwriting, legal and lending teams worked together to structure and deliver the facility efficiently while maintaining focus on the borrower’s objectives. The transaction was introduced by Saxbury, a structured finance advisory firm with significant experience sourcing bespoke funding solutions for complex real estate projects.

The borrower has more than 13 years of private equity experience across London, New York and Geneva. The sponsor also brings a proven development track record, having successfully completed numerous residential projects across West London.

Raf Chowdhury, Lending Director at CapitalRise, commented: “This was one of our more complex transactions and is a great example of CapitalRise’s ability to navigate challenging situations whilst maintaining certainty of execution for our borrowers. The deal required us to manage evolving circumstances, a simultaneous share purchase and tight completion deadlines, all while delivering a structure that worked for every party involved.

“Chapel Street represents a fantastic redevelopment opportunity in one of London’s most prestigious locations. We’re delighted to support an experienced sponsor in transforming this historic townhouse into a high-quality family home, and I’d like to thank all of the teams involved, whose collaborative approach helped bring this transaction to a successful completion.”

Kristian Hoy, Head of Structured Finance at Saxbury, which introduced the transaction to CapitalRise, commented: “This was a complex transaction that presented a number of challenges, including the acquisition of the company owning the property and the arrangement of development finance for a prestigious Belgravia asset. Throughout the process, CapitalRise demonstrated an exceptionally collaborative and solutions-focused approach, working closely with all parties to navigate evolving circumstances and maintain momentum towards completion. Their flexibility, commercial mindset and commitment to finding practical solutions were instrumental in achieving a successful outcome. We look forward to seeing this outstanding scheme delivered, creating what we believe will be one of the finest residential developments in one of London’s most prestigious neighbourhoods.”

This latest transaction highlights CapitalRise’s continued appetite for prime residential development opportunities across London and beyond, demonstrating the firm’s ability to structure and deliver bespoke funding solutions for complex, high-value projects. From bridging and refurbishment finance through to development and exit funding, CapitalRise remains focused on supporting experienced borrowers delivering exceptional homes in outstanding locations.

This story was covered in Development Finance Today here>