CrowdProperty scores £15 funding line from British Business Investments
In the past nine years since it launched, CrowdProperty says it has funded development projects totalling more than 3,000 homes, worth over £675, with 94 per cent of lending in the regions outside of London.
CrowdProperty, the Midlands-based specialist property development lender, has landed a £15m funding line from British Business Investments.
Founded in 2014 as one of the first property focused peer-to-peer lending platforms, CrowdProperty funds smaller housing developers outside of the London area.
It raised a £1.8m equity crowdfunding round in 2021 and has been rapidly scaling lending since.
The company says it has funded development projects totalling more than 3,000 homes, worth over £675m, with 94 per cent of lending in the regions outside of London.
“This is another step forward for us as a business that was founded to better support the projects and developers that deserve funding, he said.
We look forward to seeing the partnership flourish over the long term, as we support more housebuilding and help increase spend in the economy on labour, materials and services,” he added.