CrowdProperty has launched CP Capital its second charge mezzanine finance product for property developers.
Mezzanine finance via the CP Capital product line enables property professionals to access further project funding requirements that are not met by the senior debt finance market.
Senior debt typically accounts for 75-80% of total costs; mezzanine finance can top this up to finance up to 95% of costs.
Mike Bristow (pictured), CEO at CrowdProperty, said: “CrowdProperty has provided property developers with senior, first charge development finance, backed by diverse sources of capital across major global financial institutions and private investors, since 2014.
“CrowdProperty’s founders have a mission to transform property finance, stemming from their own experiences of the development finance market which had let down small and medium sized developers for years.
“Having disrupted the market to solve the pains around securing senior development finance by backing £450m of property projects to date, CrowdProperty is now able to serve additional funding needs of UK property developers by offering mezzanine finance through our CP Capital product line – bringing senior and junior finance under one roof, with powerful benefits to developers.
“This is yet another way in which CrowdProperty strives to deliver an exceptional customer experience, enabling developers to work with a single capital provider across their projects and capital requirements.”
