CapitalRise, a property finance lender, has confirmed a £6.5 million development loan for the refurbishment of a Mews House in Mayfair, one of London’s most sought-after districts. This financial support will enable the transformation of the terraced house into a luxurious three-bedroom home.

The property, which spans five floors, is set to undergo significant enhancements. Plans include a basement conversion to accommodate a cinema room, garage, and gym, and the addition of a south-facing terrace. Each of the three bedrooms will feature an en suite bathroom, spreading across a total area of 3,193 square feet.

Katy Katani, director at CapitalRise, expressed enthusiasm about the project: “We are thrilled to be facilitating this exceptional development in Mayfair. We are dedicated to supporting projects that represent the ultimate in luxury living within London’s most prestigious neighbourhoods.”

The funding deal was brokered by Arc & Co., a specialist in real estate debt and equity advice. Vishal Dixit, a senior broker at Arc & Co., highlighted the collaborative effort involved in securing the loan: “This is a wonderful example of what can be achieved when all key parties including sponsor, lender, adviser, and professionals work collaboratively towards a common goal in a tight timeframe of seven weeks.”

CapitalRise’s recent procurement of a £250 million funding line is set to bolster its capacity to finance similar high-calibre projects, reinforcing its role in the development of prime Central London real estate. This move underscores the company’s commitment to delivering bespoke financial solutions that cater to the unique needs of its clients and the properties they develop.