CapitalRise has secured a 50 per cent increase to an existing institutional funding line and introduced a revolver mechanism to help it to redeploy funds efficiently.

The prime property investment platform signed the original funding line with an unnamed UK investment manager in November 2022.

It said that the expansion to the facility underscores its continued commitment to diversifying and deepening its capital sources.

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The revolver mechanism will allow the firm to maximise the funding line’s lending potential and facilitate smoother project executions, CapitalRise added.

The announcement comes after CapitalRise secured its largest funding line to date in January, a £250m agreement with an unnamed bank.

“Our continued success in securing additional funding underscores our position as a trusted partner in prime property finance,” said Uma Rajah (pictured), chief executive and co-founder of CapitalRise.

“We have really enjoyed working with this funding partner since 2022, and are delighted that this extension will allow us to do even more projects together.”

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Lee Francis, head of origination at CapitalRise, said: “The increase in this facility allows us to meet the escalating demand for bespoke lending solutions from our borrowers. With this expanded funding line, CapitalRise has further solidified our reputation as the preferred lender for prime property development finance.”