The lender surpassed the milestone after it advanced a senior loan for the acquisition and redevelopment of a multi-million-pound residential property in Chelsea, London, which is being undertaken by prime property developer Wilben Developments.

Uma Rajah, CEO and co-founder of CapitalRise (pictured above) said: “This is a superb example of the quality of developments that London and the South East has to offer, in one of the most desirable locations in London which is internationally renowned as an area of affluence.

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“We are immensely proud of every project that we fund, and this project heralds a major milestone for us as it takes us over £100m of loan origination since our inception."

Nick Oakley, head of lending at CapitalRise, added: “This is our second project with the Wilben Group and we are delighted to be working with a developer of such a high calibre. 

“Its brand and end finish are truly aligned with that of CapitalRise and we look forward to a continued and successful partnership.

“The acquisition and development of such prime assets is right in the heart of our market niche.”

Benjamin Samuels, director at Wilben Developments, commented: “Once again it has been an absolute pleasure working with CapitalRise on securing funding on this next development of ours and it’s an even greater feeling to be the ones to hit this significant milestone with them.

“The process was seamless from start to finish and we look forward to working with CapitalRise on many more deals in the future.”

In 2020, CapitalRise closed 10 multi-million-pound loans, including a £2.54m senior loan for the acquisition and development of a property within a period Chelsea townhouse.

Last year, the company funded assets worth almost £120m GDV across prime locations in England.