Dan Whelan
LPA receiver David Currie & Co has been appointed to sell the 40-home Altrincham development after the peer-to-peer lender brought in administrators last week due to “ongoing financial issues”.
The receiver is to sell the scheme, which is 60%-70% complete, to recover a charge for developer Consensus Property.
Altrincham-based The House Crowd, which offered bridging loans secured against land or property, bought the Downs Quarter development site from Consensus in 2019.
The £15m scheme, designed by Calderpeel Architects, comprises 31 apartments across three blocks, and eight townhouses.
David Currie & Co’s appointment follows that of business advisory firm Quantuma as administrator for The House Crowd and several other group companies.