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Post by CrowdProperty Representative on Jun 27, 2018 13:54:34 GMT
CrowdProperty is delighted to announce that yet another of our development projects has paid back 100% of capital and interest to our lenders, on time and to schedule. We have therefore retained our impressive 100% payback track record of capital and interest. Tradesman Arms, Flint involved the conversion of a public house near Flint town centre to a 13 bed HMO. This was our 19th project to pay back in full, and we expect two more projects to pay back in full over the coming 6 weeks. To join our growing lender community enjoying 8% per annum returns secured against property, please register on our website: www.crowdproperty.com/user/register/lender |
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puddleduck
Member of DD Central
Posts: 537
Likes: 489
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Post by puddleduck on Jun 27, 2018 14:39:06 GMT
Thanks for the post - each you've posted here, I've had a look at the site, and seem to be confronted by '
Currently we have no projects live and funding as they have all been fully funded'
You've been posting here for around 2 years, and still only have 19 projects..! That is a remarkably slow deal flow.
I honestly can't see much reason to register - every site starts claiming a 100% record. Until one day they lose it...
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Post by CrowdProperty Representative on Jun 28, 2018 8:19:57 GMT
Hi Puddleduck,
Thanks for your message.
To clarify, 19 of our projects have launched, funded and paid back in full. We have launched and fully funded 42 separate projects since our inception.
As you have correctly observed, currently we infrequently have projects 'live and funding' on our platform. One reason for this is that projects tend to fund incredibly quickly: for example, 3 of our last 8 projects have fully funded in less than 3 minutes.
Due to the appetite for projects on our platform, in recent months we have really focused on broadening our origination strategies (as we would never change the strict due diligence criteria all projects are subject to). As a result of this focus on origination, we have a very strong pipeline of projects to come in 2018. We expect to raise £3m - £4m in July alone and by Q4 our aim is to be offering £5m of projects per month.
Therefore, hopefully in the very near future, you'll be able to frequently find projects live and funding on our platform giving lenders ample opportunity to pledge and get their money earning 8% per annum.
Many thanks for your message.
Sarah
Lender Relationship Manager
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