The new facility will increase the business’s lending capacity within the specialist prime market and is expected to accelerate the growth of the company’s loan book.
CapitalRise’s new institutional partner — which will fund loans alongside the lender’s existing funding sources — is set to facilitate its ability to underwrite larger loans.
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Uma Rajah, CEO at CapitalRise (pictured above), said: “This is another major milestone for CapitalRise and forms an integral part of the business’s growth plans.
“It provides us with more bandwidth to capitalise on the high volume of quality loan enquiries being generated by our origination team.
“Having already invested in adding resource to meet our growing deal flow and expand marketing activities, this funding line and those we have in the pipeline are a strong endorsement of our strategy.
“They enable us to build on the foundations in place to scale the business across every metric, including our product range.”
The institutional lending line comes as the value of assets CapitalRise has lent against surpasses the £300m milestone.