CapitalRise reports record July and 32pc annual growth in live loan book

CapitalRise enjoyed a record month of origination in July, with nearly £50m-worth of loans agreed.

The prime property investment platform said that July’s activity brings its cumulative origination above £400m to date.

The growth in lending has been supported by several new funding lines agreed earlier this year, including a £250m facility in January, a 50 per cent expansion of an existing funding line in March and a new £30m funding line in June.

CapitalRise historically focused on properties in Prime Central London but has expanded into the wider South East. 45 per cent of loans originated in July were for projects in Prime Central London such as Mayfair and Chelsea, while a third were in Prime Outer London areas such as Wimbledon.

And nearly a quarter were in the Home Counties, which now represent the fastest-growing part of CapitalRise’s loan book.

Read more: Prime position: Exclusive interview with CapitalRise’s Uma Rajah

The platform has reported a 32 per cent year-on-year increase in the size of its live loan book, although no value was disclosed.

Uma Rajah (pictured), chief executive and co-founder of CapitalRise, heralded July’s performance and highlighted the “instrumental role” that alternative lenders are playing in the development finance sector.

“Throughout the volatility of the past 12 months, our team has shown great flexibility, resilience, and creativity as they structured bespoke lending solutions to continue to serve our clients – and their efforts are reflected in these results,” she added.

“As the wider macroeconomic environment shows signs of settling, I welcome the coming year where we hope to continue to build on these successes.”