CapitalRise, an online investment platform focusing on Prime property in the UK, has boosted its funding ability by 50%, according to a statement issued by the firm. While not providing hard numbers, the institutional funding is from an unnamed UK investment manager and is an increase to an existing agreement with the firm.
In January, CapitalRise received a £250 million commitment from a bank funding line.
Uma Rajah, CEO and co-founder of CapitalRise, said their continued success in securing additional funding underscores their position as a trusted partner in prime property finance. “We have really enjoyed working with this funding partner since 2022 and are delighted that this extension will allow us to do even more projects together”, said Rajah.
The funding facility includes a new revolver mechanism, allowing CapitalRise to redeploy funds that are redeemed.
Lee Francis, Head of Origination at CapitalRise, said the funding will help them meet the escalating demand for bespoke lending. At the same time, the new money will further solidify their reputation as a preferred lender for prime property development.
To scale, CapitalRise must cater to institutions – a move that can benefit smaller investors.
Approved investors may access the property investment opportunities with a minimum commitment of £1000. Total originations since the online investment platform was founded stands at £336 million with an average rate of return of 8.2%. The securities are also available for IFISA investments. CapitalRise reports no losses to date.