CrowdProperty today launched a new equity fundraise campaign to the public on the equity crowdfunding platform Seedrs.
This news comes very shortly after CrowdProperty announced the backing of a major financial institution to lend up to £100 million of loan capital to our expertly curated property projects over the coming 12-24 months.
The campaign is already over 100% funded from existing investors and customers and is now offered to the public on Seedrs, with capacity for further, value-adding investment given the many growth opportunities open to CrowdProperty.
Mike Bristow, Chief Executive of CrowdProperty commented “Having proven the systems and processes prior to our last equity fundraise, since then we proved that we can rapidly scale the business with investment, building up an exceptional rate of direct origination of quality property projects. This, coupled with the recent £100m backing from a major institution and an engaged base of retail lenders, provide very strong lead indicators for our next phase of growth.
“SME property developers are poorly served by traditional lenders yet are increasingly important in tackling housing under-supply and developing the c.300,000 homes needed every year to meet the nation’s demand. CrowdProperty is exceptionally well placed to serve this market better given a fundamental understanding of property professionals’ needs and pains, offering a deep expertise-led service proposition and providing property professionals completing quality property projects with quick, straightforward finance. This is the new era of project finance.”