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CapitalRise has completed an £8m development facility to finance a mixed-use aparthotel and public house redevelopment in Hammersmith, West London.
The loan will support the development on Fulham Palace Road, which comprises a 40-key contemporary aparthotel and the refurbishment of a public house.
European hospitality brand Numa Stays will operate and lease the accommodation unit.
The scheme marks the first dedicated aparthotel development funded by CapitalRise, following previous short-term let projects in Bloomsbury and South Kensington. Local authority planning supports the regeneration scheme, situated in an area where average property prices have increased 9.2% over the last three years.
Katy Katani, director at CapitalRise, originated the deal and debt advisory firm Voltaire Financial introduced the transaction, whose co-founder, Dorothée Dembiermont, acted as exclusive debt advisor to the borrower.
Dorothée Dembiermont, co-founder of Voltaire Financial, said: “This was a transaction that required a lender that could think laterally. CapitalRise’s ability to provide a structured facility here – that a more mainstream lender would have struggled to support – was crucial.
“The combination of a high-quality operator in Numa Stays, a compelling West London location, and a mixed-use scheme with community benefit ticked many boxes.”
Katy Katani, director at CapitalRise, added: “This facility reflects our ongoing commitment to backing exceptional projects alongside experienced partners.
“The scale and mixed-use nature of the scheme required a lender able to respond quickly and constructively, and I’m pleased we could collaborate closely with the borrower and this top-tier intermediary relationship to deliver a structure that enables the next phase of this transformative development.”
CapitalRise has completed an £8m development facility to finance a mixed-use aparthotel and public house redevelopment in Hammersmith, West London.
The loan will support the development on Fulham Palace Road, which comprises a 40-key contemporary aparthotel and the refurbishment of a public house.
European hospitality brand Numa Stays will operate and lease the accommodation unit.
The scheme marks the first dedicated aparthotel development funded by CapitalRise, following previous short-term let projects in Bloomsbury and South Kensington. Local authority planning supports the regeneration scheme, situated in an area where average property prices have increased 9.2% over the last three years.
Katy Katani, director at CapitalRise, originated the deal and debt advisory firm Voltaire Financial introduced the transaction, whose co-founder, Dorothée Dembiermont, acted as exclusive debt advisor to the borrower.
Dorothée Dembiermont, co-founder of Voltaire Financial, said: “This was a transaction that required a lender that could think laterally. CapitalRise’s ability to provide a structured facility here – that a more mainstream lender would have struggled to support – was crucial.
“The combination of a high-quality operator in Numa Stays, a compelling West London location, and a mixed-use scheme with community benefit ticked many boxes.”
Katy Katani, director at CapitalRise, added: “This facility reflects our ongoing commitment to backing exceptional projects alongside experienced partners.
“The scale and mixed-use nature of the scheme required a lender able to respond quickly and constructively, and I’m pleased we could collaborate closely with the borrower and this top-tier intermediary relationship to deliver a structure that enables the next phase of this transformative development.”
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It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution
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