Property investment platform CrowdProperty has topped £20,000,000 in capital returned during 5 years of lending, according to an email from the company.
CrowdProperty states that since platform launch, approximately £55 million has been lent which has helped to finance over £130 million of property and homes. Of note, CrowdProperty has maintained a 100% capital and interest paid record since inception.
Mike Bristow, CEO of CrowdProperty, issued the following statement on the milestone:
“Recent milestones validate not only the power of the CrowdProperty solution in solving the fundamental pains evident in the sector for lenders and borrowers and the wider UK housing market / economy but also crucially validate the efficacy of the CrowdProperty business. Our absolute focus on the fundamentals, articulated as the CrowdProperty Shield, of rigorous due diligence, first charge security and unparalleled, hands-on expertise in exactly the asset class we are lending against is now proven through over 5 years of lending and at an increasingly meaningful scale to materially contribute to the economy.
“The business is underpinned by in-house built technology for speed/efficiency and crucially deep expertise for effectiveness, becoming the lender of first resort for quality property projects being undertaken by quality property professionals, all meeting our specialist property team’s exacting standards, which have only ever tightened, from £2bn of funding applications per year.
“As peer-to-peer lending enters the next phase of maturity, the coming of age for the sector, greater regulation will unlock far greater potential for the best-in-class players commensurate to the proven value that can be delivered for all.”
According to the Fintech’s website, investors currently may earn up to 8% return on their money. The short term loans start at a £500 minimum. A loans are secured by property.