Real estate investment platform CrowdProperty is reporting that over £200 million has been returned to investors since the property investment service launched. At the same time, CrowdProperty says that August 2023 has emerged as its best-performing month of all time.
UK-based CrowdProperty offers individual investors an option to back real estate-secured loans. Currently, investors may earn up to 10.5% from the robust UK property market. CrowdProperty provides a data page that allows investors access to platform performance and since 2015 CrowdProperty reports 0% actual losses for the loans originated on the platform.
In brief, CrowdProperty states that it has paid back £202,725,175 to investors to date, with £3.3 million in returns during the last week alone.
During the last nine years, CrowdProperty reports that it has received finance applications totaling £ 13 billion for over 13,000 projects, from which £450 million of agreed facilities have been selected. CrowdProperty touts its review process in financing deals on the platform.
In regard to this most recent month, from August 1 to 31, the company lent £13.7 million for 24 projects with a total Gross Development Value of £96 million, which represents a 115% increase compared to August last year.
CrowdProperty founder and CEO Mike Bristow says the latest milestones are a testament to their investor proposition and have been achieved because of their team’s extensive asset class expertise and rigorous due diligence. He adds that a first-charge security is put behind every CrowdProperty loan.
“We are highly selective of the projects and developers we back and as a trusted provider of investment opportunities, we are proud to be continuously adding more and more of them to our platform every day.”
There have been 435 development projects backed to date, and 770,000 investments have been made, with the average CrowdProperty platform investor diversified across 80 first-charge secured projects.
Bristow adds that they are delivering on their mission to transform property financing, supporting SME property developers.
“With ongoing growth and a tighter market, we continue to demonstrate our ability to grow our share of applications for property development finance and facilities agreed. This puts us in a powerful position to scale our offering and further support housebuilding by SME developers.”