CrowdProperty hits £100m payment milestone
CrowdProperty investors have been repaid £100m in capital and interest since the platform launched in 2014.
The peer-to-peer property lender said the latest milestone represents an average return for investors of 8.3 per cent.
The platform said it has considered £8bn of funding applications since launch, which has resulted in the development of £360m worth of property projects, the construction of 1,800 homes, £215m of facilities and £170m lent.
Mike Bristow (pictured), chief executive of CrowdProperty, said the platform has a 100 per cent capital and interest payback record.
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“Investor liquidity across diverse sources of capital remains at high levels, as platform and institutional investors look for the yield, quality and security that CrowdProperty has proven to deliver through seven years of lending,” he said.
“Earlier this year, we closed a £300m funding line from a major global investment manager to complement our existing institutional backers, which is yet another game changer in unlocking robust and reliable scalability.
“We’ve seen strong growth and continue to work hard to maintain a sustainable, profitable business with a big future ahead.”
Bristow said more product launches are planned for 2022, alongside aiming to increase staffing numbers by 50 per cent and the amount of lending by 300 per cent.
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