Property of the crowd reports that he has now loaned over £ 100,000,000 to SME property professionals. That number includes over 1,100 homes worth over £ 200million. CrowdProperty says the loans have spent more than £ 80million on labor, materials and other services, boosting the UK economy.

Investors in the platform can earn, on average, 8% per year.

CrowdProperty explains that it finances ready-to-go projects. with clear exit plans. The platform claims that to date, 100% of projects have been fully reimbursed.

In an email distributed by Mike Bristow, CEO and co-founder of CrowdProperty, said his company “has proven to be a sustainable and reliable source of funding in the most difficult economic times”.

“As one of the only active development lenders throughout the COVID-19 pandemic, thanks to various sources of capital and a perfect loan track record since 2014, the company has been profitable since 2019 and profitable every year. months since the start of the lockdown. CrowdProperty has experienced strong annual loan growth of 1371% over the past 3 years and revenue growth of 1,019% over the past 3 years. While profitable and robust, the company continues to invest in the team, systems and processes to enhance effectiveness and efficiency to support a much broader lending business vision, for which there is already huge demand, ”said Bristow.

Bristow added that investor liquidity is higher than ever at CrowdProperty, “against the trend of all investment classes and the alternative finance industry, as retail and professional investors seek yield.”

Bristow claimed they had set funding records since the lockdown – funding 60 projects. Each funded in less than a minute on the platform.

“We are on track to continue to grow as quickly as we have, backed by a highly scalable, in-house built, proprietary technology platform, scalable sources of capital and deep expertise in exactly the industry. assets we lend against, funding hundreds of millions each year, ”Bristow said. “We are working very hard behind the scenes on a number of major developments for the company which will be announced in the next 2-3 months – check out this space.”