The House Crowd launches property development finance solution

Loans between £500,000 and £5 million will be available to experienced development firms throughout the Northwest of England

The House Crowd today announced the launch of its property development finance solution, which aims to help experienced developers and builders fund exciting new projects via the company’s pioneering crowdfunding platform.

The solution will be available to firms in the Northwest of England with a proven track record in developing new build residential, commercial and mixed-use properties, as well completing office to residential conversions, and medium to heavy refurbishments.

The House Crowd enters the space with a competitive advantage. Unlike other lenders, it has its own development arm, known as House Crowd Developments, which has been responsible for a number of high-spec housing projects within the region. The House Crowd can lend in-house expertise to any issues that arise with the projects it is helping to fund, helping to reduce risk and ensure objectives are met.

 Stay Updated To Save Money & Time. Join Our Free Newsletter 
. Indepth Analysis & Opinion       . Interviews      . Exclusive Reports  
. Free Digital Magazines      News & updates      . Event Invitations 
                     
& Much More Delivered To Your Inbox For Free.
Submit
We Will Not Spam, Rent, or Sell Your Information.
All emails include an unsubscribe link. You may opt-out at any time. See our privacy policy.

 

Borrowers can apply for loans ranging from £500,000 to £5,000,000 over a maximum loan term of 24 months, with interest rates starting from 8% p.a. The arrangement fee and exit fee both stand at 2%.

Funds for each project will be raised via The House Crowd’s crowdfunding platform. Investors, who must pass strict due diligence checks, will be eligible to partake from a minimum of £1,000 – in effect, buying a small share in the loan that is extended. The House Crowd will also collaborate directly with its partner firms on all marketing and advertising collateral used to promote its projects.

Charlotte Hall, Business Development Manager at House Crowd Finance said: “We are excited to help like-minded property developers across the North West realise their ambitious projects, and to connect would-be investors with opportunities to earn reliable returns. Both developers and investors also benefit from helping, in a small way, to solve a very important and persistent problem: the lack of high-quality, affordable housing in the UK.”

The House Crowd is both a property crowdfunding and peer to peer lending platform, having gained FCA-accreditation to offer short-term, peer to peer bridging loans to homebuyers, along with investment options for users of the platform.

“It has been a very successful year for The House Crowd so far,” Ms. Hall continued. “We will continue to expand our range of solutions for both borrowers and investors. While crowdfunding has always been at the heart of our business, we are now also rapidly growing our peer to peer lending capabilities, to help open up new ways for people invest in property development.”

 Stay Updated To Save Money & Time. Join Our Free Newsletter 
. Indepth Analysis & Opinion       . Interviews      . Exclusive Reports  
. Free Digital Magazines      News & updates      . Event Invitations 
                     
& Much More Delivered To Your Inbox For Free.
Submit
We Will Not Spam, Rent, or Sell Your Information.
All emails include an unsubscribe link. You may opt-out at any time. See our privacy policy.

 
Close
Stay Updated To Save Money & Time. Join Our Free Newsletter. 
. Indepth Analysis & Opinion       Interviews          . Exclusive Reports 
. Free Digital Magazines        . News & updates        . Event Invitations
& Much More Delivered To Your Inbox For Free. 
Submit
We Will Not Spam, Rent, or Sell Your Information.
All emails include an unsubscribe link. You may opt-out at any time. See our privacy policy.
 
Close