CapitalRise has structured a £3.3m bridging loan to assist with the acquisition of an end-of-terrace Victorian house located in Chelsea.
The three-bedroom property was located on a corner plot in the residential Oakley Gardens, within the Royal Borough of Kensington and Chelsea, West London.
The property was purchased by an individual with over 20 years’ experience developing properties in Prime Central London, who had previously completed development projects in the Caribbean and New York.
Lee Francis (pictured), lending director at CapitalRise said: “We are thrilled to help facilitate this exciting project and expand our investment portfolio in Chelsea.
“Our extensive due diligence process, combined with the buyer’s vast experience in the development of high-end residential properties, will ensure that this is a secure, reliable investment opportunity that will enhance one of the most sought-after and valuable areas in London.”
The deal closely followed a £5m loan for the development of a 13,000 sq.ft luxury property on the Wentworth Estate in Virginia Water, Surrey.
Since it was founded in 2016, CapitalRise has originated £287m worth of loans against prime property assets valued at £794m.
