Property funding marketplace CapitalRise has revealed a £6.5 million loan to develop the Mews House in the exclusive Mayfair neighborhood.
The land is being issued in partnership with real estate debt and equity adviser Vishal Dixit, Arc & Co. The project plans to convert the existing layout into a 3-bedroom residence, including a gym, garage and movie room.
Katy Katani, Director at CapitalRise, said the company is committed to supporting projects that epitomize luxury living in London’s most prestigious neighborhoods.
“Our latest venture underscores our commitment to providing bespoke financial solutions tailored to the unique needs of our clients and the properties we finance. The recent securing of a £250 million funding line will further empower us to finance projects of similar calibre, ensuring we continue to play a pivotal role in shaping the landscape of Prime Central London real estate.”
Vishal Dixit, Senior Broker at Arc & Co., noted that it took just seven weeks to get all parties involved in financing the deal to come to terms.
CapitalRise enables smaller, sophisticated investors to participate in securities offerings on its website. To date, the marketplace has not reported any capital loss for investors.
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