Developer launches first bond on Crowdstacker

October 6, 2017 / Isla MacFarlane
Developer launches first bond on Crowdstacker

St Mark Homes has announced the launch of a Bond on investment platform Crowdstacker,

This is the first Bond to feature on Crowdstacker since it announced earlier this month it would be broadening the type of fixed income investment products that it offers.

The bond aims to raise an initial £2 million to finance residential-led developments, the majority of which will be eligible for the government’s Help-to-Buy scheme.

Funds raised through the Bond will be directly used to increase the number of developments delivered by St Mark Homes.

“Our aim is to source sites where we can build between 10 and 50 new homes of varying sizes, which would typically be sold off-plan,” said Barry Tansey, CEO of St Mark Homes. “The demand for new housing within the Government Help to Buy threshold levels remains robust. We’ve been building houses for nearly twenty years and have experienced both the downturn in 2007/8, as well as the boost provided to the industry by the Help-to-Buy scheme.”

“P2P Platforms are naturally evolving towards being a part of mainstream investing options and we see the inclusion of products such as Bonds and Loan Notes as a natural extension of what we seek to do – providing good quality fixed income investment opportunities for everyday investors,” said Karteek Patel, CEO and co-founder of Crowdstacker.

“It also means we can choose the best investment structure for businesses seeking to borrow £1 million or more, whilst giving investors what we know they want, a fixed income, tax free earnings, and the ability to choose where their money is invested.

“Enabling investors to proactively choose exactly which businesses to make investments with is at the heart of our business model. And by offering our members the chance to invest in St Mark Homes we are enabling them to gain exposure to the still buoyant Help-to-Buy market and support this country’s need for high quality, sensibly-priced housing.”

PHOTO CREDIT: Nick Youngson

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