The former National Relationship Director at Assetz Capital, Mark Davidson, has joined CrowdProperty as Head of Loan Management.
CrowdProperty is a real estate crowdfunding platform that provides debt capital for property developments. Assetz Capital is a similar platform that provides property-secured finance for UK SMEs, property developers, and home builders. Assetz Capital used to operate a P2P platform that exited that space to focus on institutional money.
Property Director at CrowdProperty, Andrew Hall, said that Davidson is a welcome addition to the CrowdProperty team with a background in relationship management and an extensive network built over decades in the development finance sector.
“With over £700m of property funded and £400m of facilities agreed to date, CrowdProperty continues to grow rapidly and work closely with even more developers to achieve their property development goals.”
Davidson said the team at CrowdProperty is well known for its expertise in structuring funding for developers, adding he looks forward to supporting the developers and managing their project finances.
CrowdProperty reports that it has funded the development of 3,065 homes originating over £396,000,000 of agreed facilities and lending more than £323,000,000 to date. For individual investors, CrowdProperty reports up to a 9% return on secured investments. CrowdProperty claims zero losses on loans since inception.