CapitalRise Touts “Fastest Fund to Date”, Fueled by ISA Investment Surge, the online property finance marketplace, has successfully closed Farrier’s Way, its fastest investment raise to date, with two-thirds of investors using the ISA to benefit from tax free returns. The investment proved incredibly popular and the full amount of £1.4 million was funded by members alone in less than 96 hours, with many still trying to invest after the opportunity had been filled.

“The timing of the launch of this opportunity was perfect, as it straddled the end of the old tax year and the start of the new one,” CapitalRise CEO Uma Rajah. “We were able to serve all those investors wanting to fully utlise their current ISA allowance as well those wanting to get ahead and secure their 2018/19 ISA at the beginning of the tax year. We were thrilled to see 66% of customers opting to use the CapitalRise IFISA to invest.”

While the majority of ISA investors used their 2017/18 allowance for this opportunity, a third chose to prepare for the coming tax year by using their 2018/19 allowance. The popularity of CapitalRise’s Innovative Finance ISA can be partly attributed to the fact that average returns are over 8 times higher than the average lower risk cash ISAs.

[clickToTweet tweet=”[email protected]_UR Uma Rajah Comments on Exciting Campaign #realestate #crowdfunding @CapitalRiseLive ” quote=”[email protected]_UR Uma Rajah Comments on Exciting Campaign #realestate #crowdfunding @CapitalRiseLive”]

“At a time when continued low interest rates mean investors should look at alternative options for generating yield, our prime property investments offer a very attractive risk-weighted return,” added Rajah. “The popularity of this opportunity has really highlighted there is strong demand for this type of investment.”

Along with the tax-free benefits seen through the ISA, investors in this deal benefit from a first ranking legal charge, like a bank, with the expected returns of 8% p.a. The funds raised will be used by an award-winning developer with over 15 years’ experience to fund 3 completed homes in Warwickshire. In the past 4 months, CapitalRise has reportedly returned over £2 million to investors following the successful completion of both its Eaton Square and Knightsbridge investments. Further opportunities are expected to launch to investors shortly, particularly of interest to those keen to get ahead in the new tax year.

[clickToTweet tweet=”New Record! @CapitalRiseLive £1.4 million raised in less than 96 hours #property #realestate #housing #fintech #crowdfunding @CapitalRise_UR” quote=”New Record! @CapitalRiseLive £1.4 million raised in less than 96 hours #property #realestate #housing #fintech #crowdfunding @CapitalRise_UR”]

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