CapitalRise named best alternative finance provider

CapitalRise, the specialist lender for prime property developers, has been named ‘Best Alternative Finance Provider’ at the British Bank Awards. The awards honour leaders in the financial services industry and are voted for by businesses and consumers.

CapitalRise was recognised for dedication to the underserved prime property finance market and for digital innovation in building an investment platform that has opened up the highly exclusive prime propertymarket to a new set of investors. With a highly-selective approach to working with property developers, CapitalRise’s extensive due diligence  allows the highly experienced team to fund complex and bespoke loans toleading developers operating in prime locations across London and the Home Counties.

Projects in prestigious areas such as Knightsbridge and Holland Park have cemented CapitalRise’splace as a leader in the alternative finance market.During the last four years, CapitalRise has grown at pace and is well known in the market as a dedicated alternative finance and investment provider for prime property development. Since launching in 2016, more than £27m has been paid to investors in capital and return, with a 9.6% p.a. average rate of return and no investment defaults or losses to date.

While the CapitalRise team are working from home, they are ensuring continued service and remain committed to funding prime property developments and keeping projects moving. The CapitalRise Credit Team have a combined experience of more than 100 years in the property market, allowing them to make fast decisions and structure bespoke financing packages for developers.

Uma Rajah, CapitalRise CEO, said, “We are very proud to receive this accolade. It is important to us that investors and developers alike see the CapitalRise difference in everything we do. Our highly experienced credit team will continue to conduct rigorous due diligence on every funding opportunity we are presented. and as demand for senior and mezzainine development loans continues to grow, our commitment to serving the prime property sector remains the same, even in this uncertain time.”

This year the British Bank Awards expanded its survey with over 40,000 consumers and businesses participating in the voting stages. Other big winners of the night included Zopa, Starling Bank and Revolut.