February 12, 2021 @ 10:28 am By Omar Faridi
CapitalRise, a UK-based prime property lending platform, has reportedly advanced a £6.7 million loan to local property developer
Elleric. The loan was provided for the acquisition and development of an office building into eight luxury residential apartments located at Breams Buildings in Holborn (in central London).
The funding acquired should enable and support the conversion of the period building with façade retention, for which two other floors will be added to create the prime residential flats.
Breams Buildings is a cul-de-sac within a short walk or distance to financial and legal professional services offices in the City and the West End.