CapitalRise loans £6.9 million for prime property in London
CapitalRise, a specialised property lending platform, has been reported to have loaned out £6.9 million for a redevelopment of prime property in London’s prestigious Holland Park.
CapitalRise has seen over £270 million lent against since it launched in 2016 with an estimated average return of around 9.5%.
“Prime is a market that we have longstanding experience of, on both the lending and development sides, allowing us to lend prudently and navigate any stage of the property cycle to find profitable opportunities,” said Uma Rajah, co-founder and chief executive.
“Over the coming year we plan to build on this momentum and achieve further growth through writing increasingly bigger-ticket loans, responding to clear investor appetite for more access to the asset class, whilst ensuring we never compromise on the quality of properties we lend against so that we can maintain our impressive performance of returns.”