CapitalRise reaches £200m property lending milestone

By Oliver Smith on Friday 14 October 2022

Alternative Lending

With £100m originated in the last 12 months alone.

CapitalRise reaches £200m property lending milestone
Image source: Uma Rajah/CapitalRise.

Six years after launching its prime UK property lending platform, CapitalRise has today hit £200m in cumulative originations.

Impressively half of that figure (£99m) was lent in the last 12 months to June 2022 alone, a 252 per cent year-on-year increase.

“In 2016 we launched as a new lender into the prime Central London market when others were leaving it,” said CapitalRise CEO and co-founder Uma Rajah marking the milestone. “The market was in decline, but as a debt provider with deep expertise in this specialist area, we understand the market well and appreciate its resilience in uncertain times.” 

“By lending prudently to high-quality borrowers on great schemes in desirable areas such as Chelsea and Mayfair, we have managed to grow the business considerably.”

CapitalRise says that while it targets loans of £1-20m with developers looking for bridging or development loans, most of its recent lending has been towards the upper end of that range (£10-20m) helping to increase its growth trajectory.

Despite the current mortgage market chaos, which has seen high street mortgage lending rates soaring and property development lenders like LendInvest hit, Rajah said she is “confident that our business will continue on its current growth trajectory.”

“With our depth of expertise, the resilience of the Prime Central London market, and our responsible approach to projects, we see the current market as a time of great opportunity for us.”

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