May 11 2021
SYDNEY, May 11, 2021 /PRNewswire/ Australia’s small-to-medium property development sector today received a lending boost with the launch of specialist non-bank lending alternative CrowdProperty.
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 property developers access to fast, transparent funds, and 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.
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.