CapitalRise hits £300m origination milestone
CapitalRise has originated more than £300m in loans to date.
The prime property investment platform has funded developments across London and the Home Counties valued at £822m.
The firm said more than a third (£102m) was lent in the last 12 months to October 2023.
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Three loans in three days at the end of September helped CapitalRise pass its £300m milestone, which was the most loans it has completed in a single week since its inception.
The deal that took it over the line was a £5m bridging loan for the development of four properties in Grove Park, South London.
The other two were bridging and development loans for projects based in Belgravia and Oxfordshire, respectively.
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“Surpassing £300m of origination is a huge achievement for CapitalRise,” head of origination Lee Francis said. “Borrower demand remains high and thanks to our expertise in this part of the market, we are able to match this demand with our appetite and capacity to lend.
“Our sights are already set on the next milestones and we are currently expanding our team to help to get us there. We have a strong pipeline of loan enquiries, and we are excited to continue to work flexibly and actively with the best borrowers to fund projects in the most desirable areas.”
CapitalRise is focused on prime development finance, with the majority of its loan book in prime central London, and increasingly in prime outer London areas such as Wimbledon and the Home Counties including the Wentworth Estate, Surrey.
Chief executive and co-founder Uma Rajah added: “CapitalRise was founded to provide finance to prime property developers. Our founders, as prime developers themselves, had first-hand experience of being poorly served by the incumbent lenders.
“At times like these, our doors remain firmly open to experienced borrowers developing projects in the most sought-after postcodes. Because of our deep expertise in this specific part of the market, and our proven and robust processes, we have been able to confidently respond to the increased demand we have seen.”
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