CapitalRise has expanded its remit to invest in properties outside prime central London postcodes.
The property investment platform is now offering opportunities for property developments in prime outer London and the Home Counties, alongside its existing portfolio of properties in desirable central London neighbourhoods such as Belgravia and Chelsea.
“We have been moving into prime outer London areas to expand our offering,” said Uma Rajah (pictured), co-founder and chief executive of CapitalRise.
“We are confident in our strategy for the business and will continue to take a consistent approach, only lending to experienced borrowers on high quality real estate in the right locations with realistic valuations, while increasing the volume and size of our loans to feed the ever-growing investor appetite.”
Over the past few months, CapitalRise has funded loans on properties located in Hampshire, Surrey, Oxford and Colchester. At the time of writing, the platform had also listed upcoming investments for two properties, one in Hove and one in the prime outer London neighbourhood of Hampstead.
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Rajah added that the platform is continuing to scale and has increased its headcount by 25 per cent over the past year, with more new hires planned.
“We’ve been doing a lot of work on the borrower side, and we’re continuing to grow the team to support the growing loanbook that we’ve got,” she said.
Between April 2016 and April 2022, CapitalRise has originated £162m in property-backed loans, against properties which have a total value of £572m. £93m has been repaid to investors, with zero defaults or losses.