CrowdProperty, a UK based peer to peer property lender, reports that it has now paid out more than £1,000,000 in interest to lenders. In a total, £12,000,000 has been returned to investors including principle. CrowdProperty states that it has continued an unblemished record of returning 100% capital and interest paid back to investors.
To date, CrowdProperty has funded the development of 486 UK homes with an aggregate value of over £75 million. This was accomplished by lending over £27,000,000 to property professionals. Lending has tripled in 2018 in contrast to the year prior.
CrowdProperty says it has a “very strong pipeline of projects for 2019, promising more of the same quality lending opportunities after the last 2 project raises fully funded in under 2 minutes.”
Mike Bristow, CEO of CrowdProperty said they were proud of their track record of providing both reliable returns and access to financing for their borrowers:
“Much of our focus in 2018 has been on building up our pipeline because we recognize 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.”