New CrowdProperty lending partnership in residential development

CrowdProperty announces new lending partner



CrowdProperty has announced a new funding partnership with a UK bank — which joins as a lending partner in the company’s institutional finance model.


The bank is diversifying the lender’s funding sources, by participating in its residential development finance facilities.

Mike Bristow, CEO of CrowdProperty, commented: “Reliability of capital is core to us offering finance with speed, ease and certainty — a very purposeful proposition which has been built around the fundamental needs of developers.

Last week British Business Investments (commercial subsidiary of British Business Bank), committed £15m to CrowdProperty, increasing its access to finance for SME developers.

 



Leave a comment