After a record-breaking September, Crowdproperty funded over £600m of property projects with over £14m lent to facilitate residential property developments by small and medium size developers across the UK supporting the construction of over 2,700 homes.
CrowdProperty offers investors asset-backed property development loans usually up to 18 months in length. Michael explains how CrowdProperty operates and the experience behind the company founders and Directors.
AutoInvest allows customers to spread their money across a diversified portfolio of property loans. Once activated, automated investments are made on behalf of the investor across all upcoming projects. Alternatively customers are able to self-select the projects they wish to invest towards and pledge manually.
Any individual can invest with CrowdProperty provided they are over 18, have a UK bank account and have a proof of identity and address within UK and EU. Adding funds to your CrowdProperty account is also easy as you can use wire transfer.
Once registered, prospective investors can review the projects that have been approved by the CrowdProperty team on the live projects page and select which ones they would like to invest in, committing an amount. Investors deposit cash in their ISA portfolio or transfer pre-existing ISA funds.
Loan terms for individual loans vary between 6 months and 2 years in length, with an average of 14 months. This information is clearly stated within the specific loan details. No interest is paid throughout the term of the loan (unless the borrower makes a partial repayment). Both capital and interest repayments are due back at the end of the loan term.
CrowdProperty exclusively offers property project loans (including bridging, auction, refurbishment, conversion and development loans) which are always secured with the first legal charge against the subject property assets.
A case study for CrowdProperty of a funded self build project. CrowdProperty are a lending platform for the property market and its very important that confidence is built in this space between lender and borrower