Lending service The House Crowd reaches £100m record

The House Crowd, a Manchester-based real estate lending platform, has raised more than £100 million of capital investment through its website.

The peer-to-peer lending platform allows people to invest in secured property loans.

“I’m overjoyed to pass the £100 million milestone mark”, said Frazer Fearnhead, CEO of The House Crowd. “It shows that our investors have confidence in our mission to deliver reliable, consistent returns on property-backed investments – and it’s a sign of the progress we’ve made as a company over these last few years.”

The House Crowd has recently launched several new investment products. It has also begun development on several large projects across the North West, including The Downs – a £15 million development in Altrincham – and the Chapel Walks conversion in Manchester.

The Downs and the Chapel Walks conversion have a combined Gross Development Value of over £20 million. The target ROI for investors is 10% p.a.

“These developments highlight how far we’ve come in just a short time," said the CEO. “They’re the kind of projects that show exactly why it’s so important that platforms like ours exist."

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