Crowdhouse: Placed real estate volume cracks 500 million mark
The FinTech company Crowdhouse reports that a real estate volume of CHF 530 million has been placed on its platform to date. Customers have invested around CHF 200 million of their own funds to finance the properties.
According to Crowdhouse, a total of 57 properties have been financed via the platform to date. The number of managed rental units is 896 and the vacancy rate is around 2.5 percent. A total rental income of 17 million has been generated and the total returns distributed amount to 8 million.
At the end of the second quarter, 37 out of 39 co-ownerships had achieved the expected distributions; the average distribution yield for the second quarter amounted to 5.6%.
According to Crowdhouse, properties worth a further 200 million are currently secured and ready to be placed on the platform. (ah)
(Visited 42 times, 1 visits today)
