Online investment platform CapitalRise says it has financed three new deals in nine days to the tune of £20 million. CapitalRise says this is a record for the amount financed in such a short time.
CapitalRise is a specialist prime property finance platform that specializes in finance for developments in London and the Home Counties. Individual investors may participate in funding these loans.
CapitalRise says the first deal was for a Senior Development Loan valued at £4.59 million for a project in South Ascot, Berkshire. The second deal was a Senior Development Loan valued at £4.8 million for a conversion development in the residential area of Ealing. The third deal was a Senior Development Loan valued at £10.4 million for a newly built luxury apartment scheme in Chelsea.
Including these recent loans, CapitalRise has originated over £345 million since its inception in 2016. The gross value of the projects stands at £896 million.
Uma Rajah, CEO and co-founder of CapitalRise, complimented Raf Chowdhury at CapitalRise, who was assisted by analyst Max Brady in closing on these loans. Chowdhury joined CapitalRise in 2022, having previously worked at NatWest and Coutts.
Chowdhury said he has been given the latitude to pursue excellence.
CapitalRise only accepts investors who have a UK bank account. It currently accepts three categories of investors: self-certified sophisticated investors, high-net-worth investors, and Professional investors as defined by the FCA.
