CrowdProperty celebrates hat-trick of records in May

CrowdProperty has lent £8.32m, received £285m of funding applications, and paid back £7.52m during May, all of which are monthly records for the business.

Overall, the specialist lending platform has now funded the development of 1,438 homes worth over £270m, originated £160m-plus of agreed facilities — lending £133m — and unlocked more than £120m of spend on labour, materials and services in the UK economy.

“These three records say a huge amount about the ongoing market-leading track record, current momentum of market traction and the future growth prospects for CrowdProperty,” said Mike Bristow, CEO at CrowdProperty (pictured above).

“At the heart of the achievements to date is a passionate team of 42 with a great culture and a shared cause to solve pains on both sides of the CrowdProperty marketplace. 

“We have built a very strong pipeline that currently stands at over £300m of progressed quality lending opportunities, putting us firmly on track to provide over £400m of lending per annum by 2024, underpinned by a highly scalable, in-house built proprietary technology platform, scalable capital sources, and deep expertise in exactly the asset class being lent against.

“This is just the start of our mission to fully unlock the power of SME property developers in this country to build more homes and increase spend in the UK economy, and to ever more efficiently and effectively match the supply and demand of capital for the benefit of all.”

The announcement follows CrowdProperty’s international expansion into Australia in May.

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