A new service has been launched to assist SMSFs who do not meet the Australian Taxation Office’s Investment Strategy guidelines requiring trustees to tailor the strategy to the fund and its members,
CrowdProperty signs £300m institutional funding to underpin platform in UK asiaone.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from asiaone.com Daily Mail and Mail on Sunday newspapers.
The current SMSF property development space can see an opportunity for enhanced technology disruptions that can streamline a more efficient model for financing while also diversifying the investment strategy at the same time.
Karl Tomusk
Having issued £120m of loans to SME housebuilders in the UK, CrowdProperty is expanding its international footprint to offer its P2P lending platform to new markets.
The company said Australian developers face “very similar pains” to those faced by SMEs in the UK who struggle to secure financing for their projects. Since launching in the UK in 2014, CrowdProperty has funded the development of 1,400 homes.
CrowdProperty Australia will be led by CEO David Ingram, co-founder of fintech startup Split It, a platform that helps consumers compare and sign up for household utilities and financial services. Ingram also has strategic advisory and operations exprience in a number of industries, including property, in both Australia and the UK.
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CrwodProperty launches in Australia
Source: CrowdProperty The UK’s leading specialist property project online lending platform CrowdProperty has expanded its international footprint, announcing the launch of CrowdProperty Australia. Leveraging the UK s market-leading asset-class expertise, proprietary technology and experience of growing the leading specialist platform in its space in the UK, CrowdProperty has launched in Australia to offer a non-bank lending alternative to the SME property development market, which faces very similar pains to those being solved by CrowdProperty in the UK.