CapitalRise has extended an £8.1m development loan to finance the construction of a purpose-built luxury 10-unit apartment scheme located in the affluent village of Radlett, Hertfordshire.

The scheme is by Heronslea, it’s the first project with CapitalRise, and the development will be a high-quality residential project set over a combined 14,000 sq ft of internal floor space set in a four-storey Neo-Georgian style property with generous underground parking, lift access to all floors and fully landscaped communal gardens.

Uma Rajah, Co-founder and CEO at CapitalRise, said: “This high-quality development sits in CapitalRise’s sweet-spot, as we increasingly write bigger ticket loans and attract leading professional developers who are drawn to our recognised expertise of the prime market coupled with our ability to provide quick and reliable finance tailored to their needs.

“We’re delighted to be working in partnership with Heronslea, who have a solid reputation for building beautiful developments to the highest standard in this desirable home counties commuter town; we’re confident that this project will be yet another success.”