The business broke its own record in October by achieving three completions in a single week, totalling £21.5m of loan origination.

The firm’s credit committee was deployed every day in a single week for the first time in its history in response to the demand.

To support its growth, CapitalRise made six new hires across its lending, product, and marketing teams.

Raf Chowdhury and Ryan Parrett have joined the firm as associate director and lending director respectively, while Tony Humphreys has joined as credit manager.

Julia Sinclair has been appointed as head of product, while the marketing team has been bolstered by the additions of Philip Whiting, who joined as head of marketing, and Flora Snape, who joined as a marketing manager.

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Uma Rajah, co-founder and CEO at CapitalRise (pictured above), said: “As this record week for deals shows, we have seen a huge amount of demand.

“This reflects the fact that there are great opportunities for both developers and investors in the prime market – a particularly resilient part of the wider UK market that has its own distinct property cycle.

“As a challenger lender, we understand the need to be responsive; as such, our credit committee works closely with our lending team to ensure we can meet the high demand we’re currently experiencing.

“Our credit committee, which usually sits twice a week and can be called on-demand by our lending team, had to increase to daily credit meetings on occasion in October to support our borrowers – and enable them to take advantage of the opportunities they are seeing in the market.

“Our new team members have made an immediate impact, and we look forward to further capitalising on their valuable experience and skillsets to propel our business to the next level.”