July 2024 | Crowdpear investors funded over EUR 1M in loans

July was a very productive month for Crowdpear, rich in noticeable numbers. Our investors fully funded 11 real estate-backed loans, exceeding EUR 1.06 million, and received EUR 109 332 in interest, which is a record amount of interest paid to our investors in one month.

In July, we repaid 12 loans to investors—a total of EUR 499 600, which is the highest amount repaid in one month on the platform.

Since the beginning of Crowdpear’s operation, our investors have funded 156 loans worth EUR 11.76 million and received EUR 0.52 million in interest. 53 loans, totaling EUR 2.72 million, have already been repaid to our investors.

At the end of July, the average loan amount on Crowdpear was EUR 75 406, and the average LTV on the platform was 60.76%.

Currently, Crowdpear has nine late loans. Two projects, with a total loan amount of EUR 452 600, are in the recovery process. We want to remind you that +5% additional annual interest is accumulated for investors for each day of the interest payment or loan repayment delay if the project developer is not in the insolvency process.

Today, Crowdpear has 6 834 verified investors.

Thank you for choosing Crowdpear for your investments.