Mike Bristow

CrowdProperty passes £25m funding milestone



CrowdProperty has surpassed £25m in funding for property projects.

The P2P lender made the announcement after it fully funded its 56th project on its platform.

CrowdProperty has now raised a total of £25,258,000 which has funded the development of 451 UK homes with a combined value of £69.9m.

The platform also revealed, that since its launch in 2014, £10.8m had been paid back to its lenders.

Mike Bristow, CEO at CrowdProperty (pictured above), said that its continued rapid growth was testament to the pains it was solving for lenders, borrowers and the wider need for housing supply in the UK.

“Since 2014, we have relentlessly focused on solving these pains by building deep expertise-led, tech-enabled robust systems, processes and value chain disruption to highly efficiently and highly effectively match and secure the supply and demand of capital.

“As the sector grows, it’s important to remember that this asset class was only accessible to institutions in the past – our model gives retail lenders direct access to first charge secured returns that – due to tech-enabled efficiency – delivers a better deal for lenders and borrowers.

“It is, therefore, inevitable that demand on both sides of our marketplace will continue to rapidly grow to fulfil this market potential.”


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