CrowdProperty launches Australian arm to tackle property development Down Under

After lending more than £100m to UK property developers, lending platform CrowdProperty has announced plans to launch Down Under.

Led by CEO and co-founder David Ingram, CrowdProperty Australia is being operated as a separate entity to CrowdProperty UK, with its own new local investors and board of directors.

“The model that we have proven with great success in the UK is a perfect fit for the Australian market,” said CrowdProperty UK CEO and CrowdProperty Australia board member Mike Bristow.

“We're a company founded by people who have long experience developing property and working in the finance sector, built entirely around the customer.”

Ingram, who previously founded Australian fintech Split It, will build an operation that leverages CrowdProperty UK’s tech and expertise to get the platform up and running.

He’ll be joined by a team that includes CMO and co-founder Ian Bell, COO and director Tony Zulli, property director Daniel He and head of marketing and growth Jamie Millar.

“We know that property developers can spend up to six months waiting to secure finance for a project, with lenders often changing the terms of the loan at the very last minute,” said Ingram. 

"CrowdProperty can take that process down to a matter of a few weeks, with no hidden fees nor surprises that plague more traditional funding options.”

"Our solution matches investor capital more directly to the developer using it to add value, enabling greater returns, meeting the major needs of both sides of the marketplace.”