Of the total sum originated, over a third was lent in the last 12 months to October 2023.
CapitalRise passed its £300m milestone with the help of three loans completed in three days at the end of September — the most loans it has closed in a single week since inception.
The three deals comprised a £5m bridging loan for the development of four properties in Grove Park, South London; and two bridging and development facilities for projects in Belgravia and Oxfordshire, respectively.
Uma Rajah, CEO and co-founder of CapitalRise (pictured above), commented: “CapitalRise was created to provide finance to prime property developers; our founders, as prime developers themselves, had first-hand experience of being poorly served by the incumbent lenders.
“At times like these, our doors remain firmly open to experienced borrowers developing projects in the most sought-after postcodes.”
Lee Francis, head of origination at CapitalRise, added: “Surpassing £300m of origination is a huge achievement for CapitalRise.
“Borrower demand remains high and thanks to our expertise in this part of the market, we are able to match this demand with our appetite and capacity to lend.
“Our sights are already set on the next milestones, and we are currently expanding our team to help to get us there.”
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