CrowdProperty has now funded more than £700m of property projects and the development of over 3,000 homes. Having agreed £24m in June alone, the business has now closed in excess of £400m of facilities to support the construction of residential and mixed-use property developments across the UK.
These latest milestones follow a busy quarter for the business, in which CrowdProperty secured new lending partnerships with British Business Investments and a UK bank; expanded its Credit team to provide enhanced support to developers; and featured in The Sunday Times 100, Britain’s fastest-growing private companies.
Mike Bristow, CEO of CrowdProperty, commented: “Our continued growth speaks to the ongoing need for specialised finance solutions to support small and medium sized property developers. These property professionals are a vital part of tackling the housing shortage in the UK, with the ability to develop viable projects that would not be considered by the larger firms who provide the majority of new homes.
“As we approach half a century since the UK built more than the aspirational target of 300,000 homes a year, CrowdProperty is keen to support more property developers through our deep understanding of the property sector and diverse sources of funding.”