CrowdProperty highlights ‘hot products’ for 2021
CrowdProperty has named the products it believes will experience the “hottest growth” for the rest of this year and into 2021.
The peer-to-peer property lender is expecting increased interest in its houses in multiple occupation (HMO) and co-living finance product and said its joint venture finance offering – which lets developers and an asset owner such as a freeholder work together – has become more popular.
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“Joint venture finance is also likely to become more popular, catering for situations where the developer and an asset owner work together often where initial price expectations between parties are misaligned but there is alignment to progress the project,” CrowdProperty said in a blog post on its website.
“This eases cashflow demands, pools both hard asset and knowledge resources and ultimately unlocks more development opportunities.”
The platform also said it has seen rising interest in its airspace development finance product since the government introduced new permitted development rights allowing property owners to build on top of existing sites.
CrowdProperty revealed last month that it has repaid £10m in capital and interest to lenders since the lockdown began in March.
It has now paid back more than £45m to investors to date.
Read more: Development P2P lenders welcome planning permission changes