CapitalRise Completes £4.1m Senior Development Loan for Luxury Home in Hampstead
This story was also covered in PrimeResi here.
CapitalRise has successfully closed a £4.1 million senior development loan to fund the construction of a luxury dwelling in Hampstead’s prestigious Vale of Health, one of London’s most exclusive residential enclaves.
This is a highly desirable location, nestled to the north of Hampstead Village and surrounded by Hampstead Heath and the Vale of Health Pond. Known for its ornate Victorian villas, charming cottages, and proximity to fashionable boutiques and restaurants, this area epitomises the prime property markets where CapitalRise specialises in lending.
The proposed scheme, which this loan is funding, involves creating a contemporary four-bedroom detached house arranged over ground and two upper floors, including a loft conversion with en-suite bedroom. The finished property will span approximately 2,900 sq. ft. and include a single-storey outhouse designed as a study/bedroom with an en-suite bathroom. The plot extends to around 0.3 acres, and offers direct access to Hampstead Heath – with exceptional views across the Vale of Health Pond.
Such a unique and complex scheme required a deep technical understanding of construction and planning from the lender. This deal also demonstrates the importance of sustained relationship management – as the Lending Director guided the borrower through various challenges – as well as a commercially-minded approach to loan structuring, which was required to mitigate key development risks. CapitalRise’s specialist underwriters and their trusted property professionals navigated all these aspects with agility and flexibility.
The borrower comprises two ultimate beneficial owners (UBOs), with one bringing over two decades of experience in real estate.
The transaction was originated by Raf Chowdhury, Lending Director at CapitalRise (pictured), with support from Max Brady, Senior Credit Analyst, and was introduced to the firm by Guy Nyirenda, Head of Commercial & Specialist Finance at Altura Mortgage Finance.
Raf Chowdhury, Lending Director at CapitalRise, commented:
“This deal reflects our continued commitment to supporting prime residential developments in London’s most sought-after locations. Bringing it to completion required perseverance and patience to overcome challenges and to structure the deal in an optimal way to suit all parties.
The Vale of Health is an exceptional setting, and we’re delighted to provide a bespoke funding solution that enables our client to deliver a truly outstanding home.”
Guy Nyirenda of Altura Mortgage Finance added:
“2025 has been a challenging year for many brokers and lenders, so completing this signature development deal was a fantastic way to close out the year. It demonstrates the value of working with lenders and solicitors who are solution-focused and determined to overcome the inevitable complexities of high-end projects. A huge thank you to Raf and Max at CapitalRise for their diligence and collaborative approach throughout.”
This transaction reinforces CapitalRise’s position as a specialist lender for prime property projects across England and Wales, delivering tailored solutions for experienced borrowers in exceptional locations.
