Uma Rajah / CapitalRise
CapitalRise passes £300m lending origination milestone
Just 12 months after surpassing £200m, CEO Uma Rajah has hit a fresh milestone
Prime property lender CapitalRise has hit a milestone of having originated over £300m in loans since being founded in 2015.
The London-based firm said it has experienced a swift surge in recent years, with over £100m of loans being processed in the last 12 months since its £200m milestone in October 2022, evidence it says of the robust prime property market in the UK.
CapitalRise targets loans of £1-20m with developers looking for bridging or development loans, but much of its more recent lending has been towards the upper end of that range (£10-20m) helping to increase its growth trajectory.
“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,” Uma Rajah, CEO and co-founder of CapitalRise said.
The resilience of the prime property sector, known for its limited inventory and significant domestic and international demand, is reflected in the heavy borrowing the lender has seen.
CapitalRise focuses its lending on prime central London, prime outer London and the prime home counties.
“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,” added Rajah.