CEO Uma Rajah says the platform has still seen no losses or defaults to date.
Investors in prime UK property lending group CapitalRise have been an average return of 9.5 per cent per annum since the platform launched in 2016.
It’s a figure that also implies a sharp increase in CapitalRise’s lending volumes, as was also reported in AltFi’s Alternative Lending State of the Market Report earlier this month, as in January 2019 the total redemptions stood at just £5m.
“We believe this is a testament to our meticulous selection process, stringent due diligence and the fact are investments are structured to withstand significant levels of stress,” said Rajah.
“All of the development sites we have been funding have remained open and works have continued throughout the lockdown period so we don’t foresee any issues with our current projects.”
The CEO says July 2020 was a record-breaking month for CapitalRise in terms of new lending, with £10m of new loans originated, and the following month of August up a still-impressive 222 per cent year-on-year with £4.1m worth of investments processed.