CapitalRise

CapitalRise eyes larger loans after 278% surge in lending volumes



CapitalRise has revealed that it concluded 2018 with a 278% increase in lending volumes, when compared with 2017.

This takes the prime property investment platform’s total development value of assets lent against to over £220m.

Its final loan of 2018 comprised a residential development facility for a new-build scheme on the private St George’s Hill Estate in Weybridge, Surrey.

“CapitalRise was born out of the frustrations that our founding team experienced first-hand in sourcing affordable and suitable finance for prime property developments,” said Uma Rajah, co-founder and CEO at CapitalRise (pictured above).

“Our goal was to make the process pain-free for this specialist borrower market that we truly understand.”

Looking to this year, Uma added that it planned to achieve a similar level of growth.

“…One of our key goals is to write increasingly bigger ticket loans, while ensuring we never compromise on the quality of assets we lend against, so that we can maintain our track record of zero losses or defaults,” she explained.

In November, CapitalRise appointed Nick Oakley as its new head of lending.


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