CROWDPROPERTY has promised a pipeline of new loans to fund for the rest of the year as it approaches its fourth anniversary.
The peer-to-peer property platform said its loanbook is approaching £20m, encompassing 44 projects with 284 units.
Of these, 21 projects have paid back £8.2m, including £776,000 of interest.
The platform said in a summer update that it had a “very strong pipeline” of projects for the rest of the year, recognising that opportunities were being funded quickly.
CrowdProperty said its previous four projects, which were listed over a period of 10 days, funded £2.2m in just 48 minutes on the platform.
Read more: CrowdProperty raises £900,000 via Seedrs
“Our aim is to have projects available on our website for longer so that people who aren’t able to be online at 10am or during the working day can also participate,” the update said.
“A great deal of hard work behind the scenes has built a very strong pipeline for the remainder of 2018 and beyond, it just takes time for that increase to flow through to fully assessed, fully secured projects listed on our website.
“Our criteria never change, so therefore our focus is on being better at finding, assessing and competing for the very best projects, which our proposition is attracting. Rest assured, this is a major priority of ours.”
The platform has also promised a new website next month.