CapitalRise completed four new loans in May, totalling over £18m, marking 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, Chelsea, which represented the prime Central London sector in which the firm typically specialises.
Two loans were completed in the prime Home Counties sector, an area of increased activity for CapitalRise.
These included development loans in Marlow, Buckinghamshire, and Virginia Water on the Wentworth Estate.
CapitalRise originated loans against prime property assets with a collective gross development value of £806m since its inception in 2016.
The firm recently recorded 125% growth in its live loan book in the year to the end of Q1 2023.
Uma Rajah (pictured), CEO and co-founder 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.”
