The property investment platform aims to offer investors access to prime real estate opportunities, with tax-free returns which are available via its Innovative Finance Isa.
In an exclusive interview with Development Finance Today, Uma Rajah, co-founder and CEO at CapitalRise, suggested that the increase in loan volumes was due to the platform being “focused on a very specific niche”.
“We screened over £3.3bn in loan applications last year, which is a good barometer for [the] size of the market and the amount of finance that people are looking for.”
The majority of its book is currently made up of loans of between £1m and £10m, with 70% of it being development finance and 30% in bridging.
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“We attribute [this] to the fact we know what we're doing and we're lending in a part of the market we understand very well.
“It means that right now is a fantastic time for developers to acquire sites at really fantastic prices that enable them to then put together a project which will be incredibly profitable compared with two, three or four years ago.”