CrowdProperty has returned to Seedrs to raise another funding round.
CrowdProperty is a profitable Proptech that matches investors to borrowers.
According to the offering page, CrowdProperty is seeking a minimum raise of £400,009 at a pre-money valuation of £41.9 million. This represents an equity interest of 0.95%.
The offering is secondary market approved and a Seedrs nominee offering. A direct investment may be made starting at £25,000.
As of today, CrowdProperty has raised over £316,000 from 286 individual investors.
Claiming to be the leading specialist property development lending platform, the Fintech is on a mission to “unlock the potential of small and medium-sized property developers to build more, much-needed and under-supplied homes by transforming property finance.”
To date, CrowdProperty has originated over £665 million for projects entailing almost 3000 homes. The company reports 55% year-over-year growth.
For investors, CrowdProperty has paid out over £177 million in interest and returned capital. An investor may currently earn up to 8.5% in a security that is secured by first-charge guarantees. Investments are short-term, from 6 to 24 months. In a quick review of the company’s statistic page and CrowdProperty reports zero actual losses since inception – which is huge.
CrowdProperty earns its money by charging borrowers an arrangement fee of 1.5% to 3% as well as a lending points of 1.5% to 2.5%.
CrowdProperty states that it is profitable and pursuing more equity capital to “fully fund a new 3-year strategy.”
CrowdProperty last raised capital on Seedrs in 2021 when investors committed £1.815 million at a pre-money valuation of £29.4 million.
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