In the first project, the online property crowdfunding platform’s investors funded a £1.2m development loan for the conversion of a former office property in the Strand into nine luxury apartments, with the project achieving forecasted returns of 11.5% per year on exit.
The second project featured a £1.35m loan to assist with the acquisition and development of a 12-home scheme in Chandler’s Ford, near Winchester.
Within 21 months of financing this second project, the scheme delivered targeted returns of 10.5% per year for investors.
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Uma Rajah, CEO and co-founder of CapitalRise (pictured above), said: “The timing of these loans — which were both underwritten at an undeniably stronger point in the market’s cycle — provide evidential confirmation that the investment opportunities on offer through CapitalRise’s platform continue to outperform.”
Uma added that this was because of its “strict lending criteria”.
This news follows a 278% increase in lending volumes for CapitalRise, compared with 2017.