UK’s prime property finance platform
CapitalRise has advanced a £2.5 million loan to fund a new development based in southwest London, according to a recent blog post by CapitalRise.
The company – which has revealed that it had lent over £100 million to luxury property developers since being established by Finchatton’s
Alex Michelin and
Andrew Dunn with ex- Wonga chief
Uma Rajah (in 2016) – stated that the loan will be used to fund the acquisition and development of two new-build semi-detached luxury houses located in
West Wimbledon.
The developer, Fulham-based Bluecrest, has a track record in offering “boutique” resi schemes on the outskirts of the capital, in areas such as Putney, Epsom, West Drayton, and Bracknell. A statement noted that the end products will have “exceptional south-facing views, and a high-quality finish,” and will also appeal to local and international buyers who are interested in gaining easy or convenient access to green space.