projects paid back
*Our levels of bad debt are 0% due to the controls we put in place through the CrowdProperty Shield. In some cases we will have loan extensions agreed rather than exercising our legal first charge, this results in a longer loan term but also an increase in the yield for our lenders. A Loan Extension is assessed by CrowdProperty as the best way forward to secure the capital and interest owed rather than repossessing, on behalf of the crowd we utilise our Property Expertise. Ultimately, first charge security coupled with our property expertise means that we expect 0% default rate.
In 'Fixing our Broken Housing Market', the main housing white paper published in February 2017, the UK Government specifically identified small and medium sized property businesses as having a key role in solving the housing crisis. Proposals focused on unlocking sites, planning constraints, construction barriers and funding for this segment. They committed to 'make more land available for homes in the right places, by maximising the contribution from brownfield and surplus public land, regenerating estates, releasing more small and medium sized sites, allowing rural communities to grow and making it easier to build new settlements'.
|detailed statistics by year|
|Average Size of Loan||£326,786||£335,500||£574,611||£469,484||£434,153|
|Average Time to Fund1||75 days||22 days||19 hours||6 hours|
|Loan length average||10 months||15 months||15 months||15 months||14 months|
|Owed at Exit to GDV3||59%||53%||58%||58%||57%|
|Loans extended >180 days||0||1||2||0||3|
|Capital Paid Back||£360,000||£1,080,000||£4,623,500||£2,315,611||£8,379,111|
|Interest Paid Back||£21,000||£73,561||£521,937||£174,075||£790,573|
This material contains statistics that have been prepared by CrowdProperty. The underlying data is based on past projects, however this information should not be construed as legal, tax, investment, financial, or accounting advice.
Any future forecasts that are shown combine our knowledge, with a number of risks, uncertainties and assumptions about any future states, many of these are beyond the control of CrowdProperty.
Nothing contained within the information provided is or should be relied upon as a warranty, promise, or representation, express or implied, as to the future performance of any loan through CrowdProperty. Any historical information contained in this statistical information is not indicative of future performance.