Ace
Member of DD Central
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Post by Ace on Dec 18, 2019 20:46:26 GMT
I have to agree that I've found CR's customer service to be pretty good. One good advantage they have over other platforms is that they're willing to wait for ISA transfers to be processed after you've committed to invest in a loan. You need to get the transfer form to them within 7 days, but they're happy to wait a few weeks for the cash to be transferred.
I've only had one loan complete on CR so far, but there were no issues to report other than it completed a month early. Cash was returned promptly.
I've taken my usual slice of today's loan at 9.65% per annum.
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Post by nooneere on Dec 30, 2020 11:57:01 GMT
December 24 2020: "CapitalRise has lent £92m and expects to reach its £100m lending milestone in early 2021, after witnessing a surge in demand from both borrowers and lenders this year ... Over the past 12 months, CapitalRise has screened £5.5bn of loans, secured against prime central London properties and prime properties in the South East of England." www.p2pfinancenews.co.uk/2020/12/24/capitalrise-nears-100m-milestone-after-record-demand-in-2020/Note for the forum moderators - doesn't this platform deserve promotion to the "More P2x Sites" board in 2021? Sometimes a relatively small number of posts for a platform means no bad news to discuss, and we are certainly short of non-negative threads these days. |
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littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on Jan 5, 2021 19:48:09 GMT
December 24 2020: "CapitalRise has lent £92m and expects to reach its £100m lending milestone in early 2021, after witnessing a surge in demand from both borrowers and lenders this year ... Over the past 12 months, CapitalRise has screened £5.5bn of loans, secured against prime central London properties and prime properties in the South East of England." www.p2pfinancenews.co.uk/2020/12/24/capitalrise-nears-100m-milestone-after-record-demand-in-2020/Note for the forum moderators - doesn't this platform deserve promotion to the "More P2x Sites" board in 2021? Sometimes a relatively small number of posts for a platform means no bad news to discuss, and we are certainly short of non-negative threads these days. I agree. CR is one of the best performing platforms so far. Their latest: This latest redemption now brings the total amount we have repaid to investors in capital and returns, to almost £34 million. We're proud to maintain our strong track record of no investment losses or defaults to date, and continue to offer average investment returns of 9.5%p.a*.
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Nomad
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Post by Nomad on Jan 12, 2021 15:32:36 GMT
New loan launching tomorrow at 1pm. 7% "forecast net return". First charge, 32% LTV at exit. Initial allocation limit set at £5000.
"Works are currently underway on the house as planning has already been granted."
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littleoldlady
Member of DD Central
Running down all platforms due to age
Posts: 2,952
Likes: 1,781
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Post by littleoldlady on Jan 12, 2021 20:34:07 GMT
CR seem to be coming in on Kensington Park Gardens part way through. Is this a refinance? Does anyone recognise the project from another p2p platform? Although the LTGDV is low, we have seen other projects (but not on CR) where the borrower has defaulted whilst the works are in progress then negotiated a partial haircut, because if the half done project is repossessed it will be almost impossible to find any other developer willing to take it on. The numbers are mind blowing, even for London.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
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Post by dave4 on Jan 12, 2021 20:54:31 GMT
Rings no bells with me. AC,ABL CP, Kuff. "not the best memory tbf"
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Nomad
Member of DD Central
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Post by Nomad on Jan 13, 2021 13:02:45 GMT
New loan launching tomorrow at 1pm. 7% "forecast net return". First charge, 32% LTV at exit. Initial allocation limit set at £5000. "Works are currently underway on the house as planning has already been granted." All gone at 13:01:42.
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Post by nooneere on Mar 9, 2021 18:48:25 GMT
www.p2pfinancenews.co.uk/2021/03/09/capitalrise-completes-chelsea-deal-to-reach-100m-origination-milestone/"CapitalRise has passed the £100m lending milestone with the completion of a multi-million-pound deal in London’s Chelsea. The prime property lender announced that it has advanced a senior loan for the acquisition and redevelopment of a multi-million-pound residential property in Chelsea, which is being undertaken by the prime property developer Wilben Developments. In 2020, CapitalRise facilitated 10 multi-million-pound loans, funding assets worth almost £120m in gross development value across prime locations across England."
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Post by chubby on Mar 11, 2021 12:48:53 GMT
Hi
Has anyone got the inside track on how profitable and financially secure are CR ?
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Ace
Member of DD Central
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Post by Ace on Mar 11, 2021 13:16:52 GMT
Hi Has anyone got the inside track on how profitable and financially secure are CR ? According to this www.p2pfinancenews.co.uk/2020/12/24/capitalrise-nears-100m-milestone-after-record-demand-in-2020/, "the company posted a loss of almost £1.5m in the 12 months ending 31 July 2020, roughly in line with the previous year’s losses". To be expected from such a young and fast growing company. I've been very satisfied with my loans there, having been with them for a little over 2 years now.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 906
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Post by dave4 on Mar 11, 2021 14:34:26 GMT
Im happy.
Not a massive investor, prefer to pick and choose my loans.
ps.
There last loan filled within minuets after webinar closed.Not quite cp speed.
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Nomad
Member of DD Central
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Post by Nomad on Mar 24, 2021 10:03:29 GMT
New loan today, 7.45%, 63% LTV first charge, £5000 reservation limit.
EDIT: And High Wycombe loan repaid in full.
"The latest redemption now brings the total amount we have repaid to investors in capital and returns to over £36 million with an average rate of return of 9.5%pa*. We're proud to maintain our strong track record of no investment losses or defaults to date.
Despite the ongoing effects of COVID-19, all of our investments are currently on track. We believe this is a testament to the quality of Prime real estate we select, and the rigour of our underwriting processes."
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 906
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Post by dave4 on Apr 26, 2021 12:13:53 GMT
New loan offering today.
E** G**** Road, E*****. Phase 1
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 906
Likes: 514
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Post by dave4 on Jul 2, 2021 6:44:51 GMT
31 w***** place B******** loan.
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dave4
Member of DD Central
Cynical is a hobby not a lifestyle
Posts: 906
Likes: 514
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Post by dave4 on Jul 30, 2021 10:13:43 GMT
New loan GREAT JAMES STREET, BLOOMSB##y - 1ST TIER
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