Property finance provider CrowdProperty has appointed a new Head of Intermediaries as it sets its sights on doubling its broker network. The online investment platform allows smaller investors to participate in the property finance marketplace.
Steve Smith joined the company earlier this month (February), “bringing with him a wealth of sales, finance and business development experience established over the last 25 years.”
More significantly, Steve spent almost a decade working “as a broker, providing him with invaluable insight he is already implementing in his new role.”
The new appointment comes just a fortnight after CrowdProperty “was awarded £3million investment from Canada’s Flow Capital Corp.”
The funding will be used “to implement a raft of improvements across its existing platform and application processes, as well as to spearhead company-wide expansion over the next three years.”
Smith said:
“It’s a really exciting time to be joining CrowdProperty – the recent investment is being used to fuel widespread change, which will enable us to continue to provide an efficient, first class service and quality products, all underpinned by the latest technologies. Having worked as a broker for several years, I inherently understand the broker world and am looking forward to leveraging this first-hand insight to enable CrowdProperty to forge greater links with brokers UK-wide.”
Damon Walford, Chief Commercial Officer at CrowdProperty, said Smith’s experience speaks for itself, adding they have a goal of doubling broker applications to over £2 billion in broker applications.
Established in 2014, CrowdProperty has “reported continuous development and growth.”
In a decade of operations, the company has “funded the development of 3,579 homes across the UK, which equates to £842million of property funded.”
With £480million in facilities agreed, the business continues “to contribute towards the high demand for housing stock in the UK.”