CrowdProperty Announces “Enhanced Rates of Return” for Investors

CrowdProperty says it has recently undertaken a review of the rates of return offered on their first-charge secured property development projects as part of CrowdProperty’s ongoing commitment to platform investors. Following the review, CrowdProperty has boosted rates of returns for new projects launched on the platform as of today.

CrowdProperty states that enhanced rates will be offered for both new development facilities and follow-on raises for existing project facilities.

The rate changes follow a period of rapidly rising inflation that has been accompanied by higher interest rates. CrowdProperty must keep pace with economic reality to maintain investor interest.

Crowdproperty adds that rate changes have not yet been passed on to borrowers for active and pipeline projects.

The platform says that as an online lender of first resort to property developers, maintaining competitive pricing on the borrower side ensures they can continue to bring high quality secured lending opportunities to the platform.

CrowdProperty reports that it has now funded over £630 million of property projects, originating £350 million of development finance facilities and lending £280 million.

 

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