A new marketplace investment option for property project loans, CrowdProperty, has emerged for wholesale investors, self-managed super funds (SMSF), and sophisticated investors.
A fintech / proptech hybrid, CrowdProperty matches investors — wholesale investors, SMSFs, institutional lending groups — with developers of high quality, small-to-medium-sized residential property projects via its bespoke platform and in-house property development expertise.
As a marketplace or peer-to-peer lending platform, it offers investors a simple way to earn up to seven percent target interest returns* on short term investments secured by first mortgage, typically paying back in 12 to 18 months, and property developers access to fast, transparent funds.
CrowdProperty UK co-founder and CEO Mike Bristow said the model they’ve proven with great success in the UK was a perfect fit for the Australian market.
“We’re a company founded by people who have long experience developing property and working in the finance sector,” Mr. Bristow said.
“We’ve built the business entirely around the customer. We intimately know the pain developers experience when trying to fund projects and have built a lending business to deliver speed, ease and certainty of funding for these developers, who can spend up to a third of their time working to source project finance.
“At the heart of the business is a technology platform for efficiency, and property finance and development expertise for effectiveness. We deliver a better deal for all, delivering strong, reliable and secured returns directly to investors.
“Since launching in the UK, we’ve lent over £112 million ($200m) to property developers, funded the construction of over 1,150 homes worth over £220 million ($400m), and delivered a 100 percent capital and interest payback to investors through over six years of lending. CrowdProperty UK is the UK’s leading specialist property project online lending platform and we see even greater potential here in Australia. Property development and investment is a national obsession in Australia, and rightly so. Our job is simply to serve this passion by making it easier to develop and invest in property.”
Click here to read the full media release.
About CrowdProperty Australia
CrowdProperty is a specialist marketplace lender providing finance for property projects. We invite wholesale investors to invest in the CrowdProperty platform to provide project loans to SME property developers.
CrowdProperty empowers developers to get access to specialist finance with ease, speed and certainty, while wholesale investors can earn up to 7% p.a. target interest returns* from loans typically paid back in 6-18 months (subject to project and loan structure). Since launching in the UK in 2013, CrowdProperty has lent over £112 million ($200m) to property developers, funded the construction of over 1,150 homes worth over £220 million ($400m), and delivered a 100 percent capital and interest payback to investors over six years of lending.
[*Target returns, not forecast returns. For wholesale investors only. Terms, conditions and risks apply.]