Are you are looking for property development finance for future projects?
The House Crowd are looking to partner with experienced property developers and builders with a proven track record to help them finance their projects through our cutting-edge crowdfunding platform.
Development finance criteria
We want to lend for:
We want to build long lasting relationships with our developer clients and will be as flexible as we can to create a development finance deal that works for you.
Unlike other lenders, we also have our own development company (House Crowd Developments) and know all about the problems property developers face. If issues do arise with your project, our experienced in-house development team can work with you to help resolve any issues.
Since 2017 we have funded the building of over 200 units with a GDV of over £60M. Our application process is straightforward and if you and your project match our criteria we and can provide funds as soon as all legal due diligence has been completed.
Minimum loan size: £500,000
Maximum loan size: £5,000,000
Interest rate: Starting from 8% p.a.
Interest payment: On redemption of loan
Arrangement fee: 2%
Exit fee: 2%
Maximum loan term: 24 months
Maximum loan size: 70% of combined purchase, construction costs or 60% of the gross development value (GDV).
Release of funds: In arrears following valuation by our fund monitor
Valuation fees: To be determined on a case by case basis
Application fees: Free to apply
We are looking to work with builders and developers in the North-West with a proven track record and a professional team. Once your development loan application is approved, we will work with you to fund your next project, subject to the following pre-conditions.
Members who sign up to The House Crowd and pass our due diligence checks are eligible to invest on our crowdfunding platform – the minimum investment is £1,000. Investors effectively buy a share in the loan that is extended.
Before launch, we will work with you to prepare all necessary marketing collateral, including:
To learn more about how we can help finance your development, simply fill in the quick form above and we'll contact your for an initial discussion.