CapitalRise celebrates £300m prime property origination milestone

By Bridging Loan Directory 19th October 2023

Leading specialist prime property finance firm CapitalRise today announces it has successfully originated more than £300m in loans, funding developments across London and the Home Counties to the value of £822m.

Over a third of this hallmark figure was lent in the last 12 months alone to October 2023. This demonstrates the rapid acceleration in growth that the company is enjoying.

Funding three loans in three days helped CapitalRise pass its £300m milestone – the most loans it has ever completed in a single week.

The deals that took it past this milestone were a £5m bridging loan for the development of four properties in Grove Park, South London, as well as another bridging and a development loan for projects based in Belgravia and Oxfordshire, respectively.

CapitalRise focuses 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 Prime Home Counties such as the Wentworth Estate, Surrey.

The fact that it is seeing such strong demand shows the resilience of the prime property sector. With limited stock and high domestic and international demand, prime property operates very differently and is in a different part of its cycle to the wider London and UK markets.

Uma Rajah, CEO and Co-Founder of CapitalRise, commented:

“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.”

Lee Francis, Head of Origination, commented:

“Surpassing £300m of origination is a huge achievement for CapitalRise.

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.”