CapitalRise, the prime property investment platform, has announced that it has returned over £27m to investors since launching in 2016, with an average return of 9.4% per annum.
In January 2019, just £5m had been returned to CapitalRise investors, but only twelve months later, the platform surpassed the £25m mark with the redemption of two development loans, taking the total to £27m.
The two loans in question funded high-specification renovations in Holland Park and Chelsea and at £6.9m, the Holland Park loan was the largest redemption in 2019. This loan redeemed one month ahead of schedule and paid CapitalRise investors a 10% per annum return.
On reaching this redemption milestone, CapitalRise CEO and Co-Founder, Uma Rajah said, “Reaching this milestone really reinforces the confidence we have in our proposition and highlights the strength of our credit underwriting process. Since inception, our focus has been quality over quantity.
“Whilst the prime property market has been in under pressure since 2014, causing other lenders to retreat or fully withdraw from the market, we have maintained our meticulous selection process and remained confident in our approach to financing developments we truly believe in. It is extremely rewarding to see our hard work and expertise pay off and to sustain a track record of no losses or defaults whilst paying our investors an average return of 9.4% p.a.”
The CapitalRise team has a wealth of expertise in the prime property finance space and to date, the team has lent against over £330m of property assets in prime locations such as Belgravia, Chelsea, Knightsbridge, Mayfair, Oxford and Wimbledon.
CapitalRise offers investors a minimum investment of £1,000 and tax-free returns are available through the platform’s Innovative Finance ISA.