That month, the prime property finance firm originated loans valued at £49.4m.

While nearly 45% of this activity was for projects in prime central London locations — such as Mayfair, Bloomsbury and Chelsea — a third of loans were made regarding prime outer London areas. The latter included a £8.2m senior development loan closing in Wimbledon.

Nearly a third of the firm’s July activity took place in sought-after Home Counties locations such as Ascot. These counties now represent the fastest-growing part of CapitalRise’s loan book.

CapitalRise’s summer business has contributed to a 32% annual increase in the firm’s live loan book.

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Despite macroeconomic challenges, the firm has secured new funding lines in recent months and grown its institutional funding capacity by 290% in the year to July 2024. This included a £250m facility being secured in January which was CapitalRise’s largest to date.

“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,” said Uma Rajah, CEO and co-founder of CapitalRise.

“Alternative lenders are playing an instrumental role in the development finance sector, and borrowers know that CapitalRise has the flexible approach, expert team, and robust sources of capital to deliver specialist funding at speed. As the wider macroeconomic environment shows signs of settling, I welcome the coming year where we hope to continue to build on these successes.”