Post by CrowdProperty Representative on Jul 26, 2018 14:16:07 GMT
NEWS RELEASE:
CROWDPROPERTY FUNDS £925k IN UNDER 10 MINUTES – THE LATEST IN AN IMPRESSIVE RUN OF RAPID RAISES FOR PROPERTY PROFESSIONALS
CrowdProperty, the property specialist peer-to-peer lender today funded a £925,000 residential property development project in 9 minutes and 51 seconds with 113 lenders. The project, in Plymouth, is the development of 11 houses on the site of a former hotel.
The borrower, an experienced developer, said that the experience of working with CrowdProperty was “Outstanding”. He went on to say “throughout the whole process, CrowdProperty were incredibly easy to work with and did exactly what they said they would do. The customer service and care was so refreshing after decades of dealing with cumbersome processes at traditional lenders that would take up 90-95% of my time. Working with CrowdProperty means that I can focus on what I’m great at and they can sort the finance, quickly and simply. They’re a game changer.”
CrowdProperty’s view was that it is a well-planned development being undertaken by an experienced developer who has engaged a full set of consultants to deliver the project. As always, CrowdProperty will hold the first legal charge on the project as security and will phase development cost releases with the independently assessed progress on the project.
Almost 50% of lending to today’s project came via tax-efficient routes – from CrowdProperty IFISAs and SSAS pensions. Today’s raise means that CrowdProperty has funded £1,222,000 in just 13 minutes 28 seconds this week, with 60% of projects launching in 2018 each funding under half an hour. What’s more, CrowdProperty has built unprecedented pipeline of projects to satisfy the strong lender demand indicated by the speed of funding projects.
As always, we appreciate your feedback and thoughts.
The Team at CrowdProperty
CROWDPROPERTY FUNDS £925k IN UNDER 10 MINUTES – THE LATEST IN AN IMPRESSIVE RUN OF RAPID RAISES FOR PROPERTY PROFESSIONALS
CrowdProperty, the property specialist peer-to-peer lender today funded a £925,000 residential property development project in 9 minutes and 51 seconds with 113 lenders. The project, in Plymouth, is the development of 11 houses on the site of a former hotel.
The borrower, an experienced developer, said that the experience of working with CrowdProperty was “Outstanding”. He went on to say “throughout the whole process, CrowdProperty were incredibly easy to work with and did exactly what they said they would do. The customer service and care was so refreshing after decades of dealing with cumbersome processes at traditional lenders that would take up 90-95% of my time. Working with CrowdProperty means that I can focus on what I’m great at and they can sort the finance, quickly and simply. They’re a game changer.”
CrowdProperty’s view was that it is a well-planned development being undertaken by an experienced developer who has engaged a full set of consultants to deliver the project. As always, CrowdProperty will hold the first legal charge on the project as security and will phase development cost releases with the independently assessed progress on the project.
Almost 50% of lending to today’s project came via tax-efficient routes – from CrowdProperty IFISAs and SSAS pensions. Today’s raise means that CrowdProperty has funded £1,222,000 in just 13 minutes 28 seconds this week, with 60% of projects launching in 2018 each funding under half an hour. What’s more, CrowdProperty has built unprecedented pipeline of projects to satisfy the strong lender demand indicated by the speed of funding projects.
As always, we appreciate your feedback and thoughts.
The Team at CrowdProperty