Over £100 million of loans originated!
We’re delighted to announce that we have surpassed £100 million of Prime property loans since inception, funding property developments in Prime London and the Prime Home Counties!
Over the years we’re proud to have funded property developments in some of the most desirable postcodes in Prime Central London including Grosvenor Square, Eaton Square and Knightsbridge, and the Prime Home Counties including Beaconsfield, Radlett and Oxford. We’ve continued our unwavering commitment to originate loans in the prime markets, despite some lenders withdrawing from the market as a result of COVID constraints.
This significant milestone comes following the recent origination of a senior loan for the acquisition and redevelopment of a multi-million-pound residential property in Chelsea, London.
Although 2020 was a year of widespread uncertainty for many, we’re lucky to have enjoyed excellent growth including closing ten multi-million-pound loans, funding assets worth almost £120m GDV across prime locations such as Holborn, Notting Hill and Kensington Park Gardens.
In their most recent ‘Prime London Sales Report’, Knight Frank Research highlighted that the number of transactions in PCL was 12% higher in January 2021 than the same month last year. This suggests Prime Property continues to remain resilient, despite the challenges it may have faced last year.
CapitalRise CEO and Co-Founder, Uma Rajah, said, “There was no doubt that 2020 was a tough year for many, but it yet again demonstrated the importance of working in partnership with borrowers who really know their market and their product. Although raw data forms the base of any lending analysis; lending within the prime markets also requires a far more detailed understanding of the specific location, as well as buyers’ demands in any given scenario, which only a specialist lender such as CapitalRise has the bandwidth to deliver in an efficient manner. We look forward to sharing further successes as the business grows.
Funding the acquisition and development of Prime property assets is right at the heart of our business and we’re thrilled to continue serving this market niche.”
On reaching the milestone, Rajah remarked, “We are proud to mark £100 million of loans originated with a Central London project located in Chelsea – It’s very fitting considering it’s also the home of CapitalRise!”
Nick Oakley, Head of Lending at CapitalRise, said, “In the prime markets each property deal has its own unique DNA; to have the breadth and depth of experience we have within the team to be able to consider all the component parts, we believe really does set CapitalRise apart.
We are immensely proud of every project that we lend against. Our extensive due diligence, rigorous credit checks and thorough underwriting reviews ensure we only originate the finest opportunities – these processes are all a testament to the major milestone we have reached. CapitalRise is proud to be servicing the Prime Property market by offering loans in some of the most desirable locations, sought after globally.”