CapitalRise has announced that four loans that were completed in May, totalling £18m.
This is an 80% increase in the value of loans that were originated in the same month last year.
One of the four loans completed in May was a mezzanine loan in Oakley Gardens, a sought-after residential area of Chelsea that represents the Prime Central London (PCL) areas in which the firm typically specialises, with another loan facility completed in South-West London. The other two loans were both in the Prime Home Counties, an area that CapitalRise is increasingly operating in as the firm continues to diversify its loan book. These included development loans in Marlow, Buckinghamshire, and Virginia Water on the Wentworth Estate.
Following the completion of these loan facilities, CapitalRise has originated loans against prime property assets with a collective gross development value of £806m since its inception in 2016.
Uma Rajah, CEO of CapitalRise, said: “The completion of four loans in one month is a significant achievement for the company and a testament to CapitalRise’s prime property specialism, the development expertise of our credit committee, and our robust and prudent approach to lending.
“Our ability to operate at speed is something we pride ourselves on as a firm. We look forward to building on this momentum and further develop the housing stock in some of the country’s most exclusive and valuable postcodes.”
