Prime property specialist finance company CapitalRise has provided funds for an £8.5m loan, to cover the acquisition and development of a detached 13,000 sq. ft house on the private and exclusive Wentworth Estate in Virginia Water.
The deal was introduced via James Palmer, associate director at LDNfinance.
The new-build detached house on this exclusive plot has an estimated sales price of £16m upon completion, and will be set over three floors on a one-acre plot. The site is positioned on the ‘main island’ of the estate, only 350 yards from the Wentworth Golf Clubhouse.
The Property comprises of five ensuite bedrooms plus staff accommodation, with a large subterranean element comprising exceptional leisure facilities – including a swimming pool, gym, spa, wine room, cinema, and games room.
Katy Katani, director at CapitalRise, said: “We are extremely proud and delighted to be working on one of the most impressive developments in the Wentworth Estate, backed by such exceptional developers. We are well known for funding loans for property projects in Prime Central and Outer London, but have also been assisting developers to deliver properties in the Home Counties for many years. A region where we continue to expand our remit.
“We worked very closely with LDNfinance to construct a tailored package for the client, and we look forward to overseeing the progress of the development.”
Palmer added: “When arranging finance for our client, we knew CapitalRise fitted the brief in our search for a lender who specialises in high-value, multi-million-pound loans. With extensive knowledge on prime property stock, Katy and the rest of the team were able to tailor a facility that best suited the client. They were delighted with the outcome, and we look forward to many prosperous years ahead working with CapitalRise.”