CapitalRise has raised £1.2m in less than a week to fund its latest property development deal.
The majority of the investments were made using the new CapitalRise Innovative Finance ISA (IFISA) launched last month.
Uma Rajah, CEO of CapitalRise said: “Investing in prime London residential property is no longer reserved for the very wealthy. Our ISA has given small investors, who perhaps can’t otherwise afford to get on the London property ladder, the chance to earn attractive returns from prime real estate in the capital.”
“At £1.2m, this has been the largest fundraise on the CapitalRise platform to date, and it was raised within a week of public launch.”
“We’re thrilled to close our latest deal so quickly and to see our new ISA be received so positively by investors looking for a tax-free wrapper and the potential for higher returns.”
“Our previous deal for 38 Yeoman’s Row was so popular with investors that the offer closed in just 71 hours. Each of the three previous deals is on track to provide returns of 10% per annum.”
More than £4.2m has now been raised via CapitalRise across four deals including Yeoman’s Row (Knightsbridge), Eaton Square (Belgravia), and Grosvenor Square (Mayfair).