Crowdproperty passes £50m lending milestone

By Daniel Lanyon on Wednesday 30 October 2019

Alternative Lending

The Birmingham-based peer-to-peer lender has more than half of its loans funded in the past year.

Crowdproperty passes £50m lending milestone
Image source: Photo by PhotoMIX Ltd. from Pexels

Property peer-to-peer lender CrowdProperty says it has now ent over £50m to property developers following a record month of nearly £5m of origination.

The firm, which closed a £1m Seedrs crowdfund in April, has passed the milestone with 100 per cent of capital and interest paid back in its five years of lending.

In March the firm said it had secured a new £100m funding line from an unnamed institutional investor, giving it the capacity to fund larger projects for up to two years.

Mike Bristow, CEO of CrowdProperty, says the firm is underpinned by “technology for speed and efficiency”.

CrowdProperty projects have been funding in a matter of minutes - if not seconds - of late, due to the 100 per cent capital and interest payback track record and trusted brand we have built over 5 years of quality lending supported by deep property expertise, rigorous due diligence, first charge security, best-in-class operating practices and market-leading transparency." 

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