Post by CrowdProperty Representative on Dec 20, 2018 9:27:19 GMT
As we near the end of 2018, we're very proud to announce that CrowdProperty has now paid our lenders over £1,000,000 in interest. In total we have paid back almost £12,000,000, continuing our 100% capital and interest payback track record.
CrowdProperty has proudly funded the development of 486 Great British homes worth over £75,000,000 by lending over £27,000,000 to property professionals. Having tripled lending in 2018 versus 2017, we have a very strong pipeline of projects for 2019. We commit to delivering you more of the same quality lending opportunities after the last 2 project raises fully funded in under 2 minutes, which we know is frustrating for those who weren't able to participate. The latest view of our January pipeline can be seen on the bottom of our home page (www.crowdproperty.com).
On passing this landmark and looking ahead to 2019, Mike Bristow, CEO of CrowdProperty commented: "We are very proud of our track record of delivering strong, reliable returns to our lenders. Much of our focus in 2018 has been on building up our pipeline because we recognise that lenders want more of what we offer. Whilst we never compromise on quality and have consistently rigorous due diligence, we already know that 2019, right from the start, will be another step change in lending volume, enabling more lenders to benefit."
This announcement comes just weeks after CrowdProperty became the first property development / bridging P2P lender to become Brismo Verified, independently verifying the 100% track record and significant outperformance of the UK P2P Returns Index after thorough independent analysis of CrowdProperty’s loan book and loan cashflows. CrowdProperty is also the only property development / bridging platform member of the Peer-to-Peer Finance Association (P2PFA).
As always, we welcome your feedback and please continue to get in touch.
Kind regards,
The Team at CrowdProperty
CrowdProperty is different because we:
CrowdProperty has proudly funded the development of 486 Great British homes worth over £75,000,000 by lending over £27,000,000 to property professionals. Having tripled lending in 2018 versus 2017, we have a very strong pipeline of projects for 2019. We commit to delivering you more of the same quality lending opportunities after the last 2 project raises fully funded in under 2 minutes, which we know is frustrating for those who weren't able to participate. The latest view of our January pipeline can be seen on the bottom of our home page (www.crowdproperty.com).
On passing this landmark and looking ahead to 2019, Mike Bristow, CEO of CrowdProperty commented: "We are very proud of our track record of delivering strong, reliable returns to our lenders. Much of our focus in 2018 has been on building up our pipeline because we recognise that lenders want more of what we offer. Whilst we never compromise on quality and have consistently rigorous due diligence, we already know that 2019, right from the start, will be another step change in lending volume, enabling more lenders to benefit."
This announcement comes just weeks after CrowdProperty became the first property development / bridging P2P lender to become Brismo Verified, independently verifying the 100% track record and significant outperformance of the UK P2P Returns Index after thorough independent analysis of CrowdProperty’s loan book and loan cashflows. CrowdProperty is also the only property development / bridging platform member of the Peer-to-Peer Finance Association (P2PFA).
As always, we welcome your feedback and please continue to get in touch.
Kind regards,
The Team at CrowdProperty
CrowdProperty is different because we:
- Always take first charge security, the same legal rights that a mortgage company has over a homeowner’s home in the case of default
- Only ever lend on projects with planning permission already in place
- Source property projects directly as just one unique part of the many tech-enabled ways that we match capital more efficiently, meaning a better deal for both lenders and borrowers
- Attract high quality projects as we offer competitive rates and excellent service to property professionals – we do not fund weak projects at high interest rates.
- Have unparalleled, hands-on expertise at the heart of the business, meaning projects are assessed with deep, specialist property experience. Only 10-15% of applications make it onto the platform for funding.
- Are a totally independent marketplace, only funding third party projects to ensure impartial due diligence and decision making
- Have been and remain solely focused on what we do and our original business model, forever getting better and better and building even stronger and deeper expertise
- Offer upmost transparency on our track record and also the project, the borrowing entity and the people involved in each project, both through information on our website and through project webinars held the night before project launches
- Have a 100% track record in repaying lenders’ capital and interest, paying back over £12,000,000 to date
- Are directly authorised and regulated by the FCA
- Are the only property development / bridging platform member of the Peer-to-Peer Finance Association (P2PFA), the ‘top table’ of UK peer-to-peer lending
- Are the only property development / bridging platform to be Brismo Verified, underlining our commitment to disclosure best-practice and accountability for the performance of every loan that we originate both historically and going forward
- Have proprietary technology that has been built, continues to be developed and is maintained internally for absolute control over our proposition development, USPs and security