{"id":55030,"date":"2024-02-01T12:32:07","date_gmt":"2024-02-01T12:32:07","guid":{"rendered":"https:\/\/news.pakistaninewspaperlist.com\/flow-capital-provides-crowdproperty-with-a-5-25-million-loan\/"},"modified":"2024-02-01T12:32:07","modified_gmt":"2024-02-01T12:32:07","slug":"flow-capital-provides-crowdproperty-with-a-5-25-million-loan","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/flow-capital-provides-crowdproperty-with-a-5-25-million-loan\/","title":{"rendered":"Flow Capital Provides CrowdProperty with a $5.25 Million Loan"},"content":{"rendered":"
\n

TORONTO, ON, Feb. 01, 2024 (GLOBE NEWSWIRE) — Flow Capital Corp. (TSXV:FW) (\u201cFlow Capital\u201d or the \u201cCompany\u201d), a leading provider of flexible growth capital and alternative debt solutions, is pleased to announce the successful closure of a C$5.25M senior note in CrowdProperty Limited (\u201cCrowdProperty\u201d), a premier marketplace lending software platform company that bridges the gap between capital providers, including individuals and institutions, and real estate developers in the UK.<\/p>\n

Over its 10-year operating history, CrowdProperty has gained industry-wide recognition for its cutting-edge platform that facilitates direct lending to residential development projects by empowering individuals and institutions to make informed decisions based on CrowdProperty\u2019s transparent, efficient, and rigorous underwriting processes. By doing so, CrowdProperty helped to significantly broaden the funding avenues available to small and medium-sized developers.<\/p>\n

This capital infusion will help CrowdProperty accelerate its commercial activities, enhance the robustness of the technological infrastructure, and reinforce the foundation for sustained future growth.<\/p>\n

About CrowdProperty<\/strong><\/p>\n

CrowdProperty is a leading platform as a service (\u201cPaaS\u201d) company facilitating marketplace lending for property projects in the UK. Its innovative platform connects both institutional and private investors with carefully vetted property development opportunities, offering a transparent and efficient way to engage in the real estate market. CrowdProperty is committed to delivering high-quality, secured investment opportunities to lenders on its platform, and has built a strong reputation for its meticulous project assessment and due diligence processes. The company’s approach democratizes access to property investment, allowing a broad range of investors to participate in the real estate market alongside seasoned developers.<\/p>\n

For more information, please visit www.crowdproperty.com<\/a>.<\/p>\n

Flow Capital invites growing technology companies, seeking covenant light founder-friendly growth capital, to apply for funding directly on their website at www.flowcap.com\/apply<\/a>.<\/p>\n

About Flow<\/strong>\u00a0Capital<\/strong>\u00a0<\/p>\n

Flow Capital Corp. is a diversified alternative asset investor and advisor, specializing in providing minimally dilutive capital to emerging growth businesses. For more information on Flow Capital, please visit\u00a0www.flowcap.com<\/a>.<\/p>\n

For further information, please contact:<\/p>\n

Flow Capital Corp.<\/strong><\/p>\n

Alex Baluta
Chief Executive Officer
alex@flowcap.com<\/a><\/p>\n

47 Colborne Street, Suite 303,
Toronto, Ontario M5E 1P8<\/p>\n

Forward-Looking Information and Statements<\/strong><\/p>\n

This press release contains certain \u201cforward-looking information\u201d within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute \u201cforward-looking statements\u201d within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995.<\/em><\/p>\n

Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company\u2019s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company\u2019s control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as \u201cplans\u201d, \u201cexpects\u201d or \u201cdoes not expect\u201d, \u201cis expected\u201d, \u201cbudget\u201d, \u201cscheduled\u201d, \u201cestimates\u201d, \u201cforecasts\u201d, \u201cintends\u201d, \u201canticipates\u201d or \u201cdoes not anticipate\u201d, or \u201cbelieves\u201d, or variations of such words and phrases or may contain statements that certain actions, events or results \u201cmay\u201d, \u201ccould\u201d, \u201cwould\u201d, \u201cmight\u201d or \u201cwill be taken\u201d, \u201cwill continue\u201d, \u201cwill occur\u201d or \u201cwill be achieved\u201d. The forward-looking information contained herein may include, but is not limited to, information relating to the current or prospective performance of one or more of the Company\u2019s investments and the book value per common share of the Company.<\/em><\/p>\n

An investment in securities of the Company is speculative and subject to a number of risks including, without limitation, risks relating to: the need for additional financing; the relative speculative and illiquid nature of an investment in the Company; the volatility of the Company\u2019s share price; the Company\u2019s ability to generate sufficient revenues; the Company\u2019s ability to manage future growth; the limited diversification in the Company\u2019s existing investments; the Company\u2019s ability to negotiate additional royalty purchases from new investee companies; the Company\u2019s dependence on the operations, assets and financial health of its investee companies; the Company\u2019s limited ability to exercise control or direction over investee companies; potential defaults by investee companies and the unsecured nature of the Company\u2019s investments; the Company\u2019s ability to enforce on any default by an investee company; competition with other investment entities; tax matters, including the potential impact of the Foreign Account Tax Compliance Act on the Company; the potential impact of the Company being classified as a Passive Foreign Investment Company; the Company\u2019s ability to pay dividends in the future and the timing and amount of those dividends; reliance on key personnel, particularly the Company\u2019s founders; dilution of shareholders\u2019 interest through future financings; and general economic and political conditions; as well as the risks discussed in the Company\u2019s public filings. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.<\/em><\/p>\n

In connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Assumptions about the performance of the Canadian and U.S. economies over the next 24 months and how that will affect the Company\u2019s business and its ability to identify and close new opportunities with new investees are material factors that the Company considered when setting its strategic priorities and objectives, and its outlook for its business.<\/em><\/p>\n

Key assumptions include, but are not limited to: assumptions that the Canadian and U.S. economies relevant to the Company\u2019s investment focus will remain relatively stable over the next 12 to 24 months; that interest rates will not increase dramatically over the next 12 to 24 months; that the Company\u2019s existing investees will continue to make royalty payments to the Company as and when required; that the businesses of the Company\u2019s investees will not experience material negative results; that the Company will be able to successfully integrate and grow the businesses of its predecessor companies; that the Company will continue to grow its portfolio in a manner similar to what has already been established; that tax rates and tax laws will not change significantly in Canada and the U.S.; that more small to medium private and public companies will continue to require access to alternative sources of capital; that the Company will have the ability to raise required equity and\/or debt financing on acceptable terms; and that the Company will have sufficient free cash flow to pay dividends. The Company has also assumed that access to the capital markets will remain relatively stable, that the capital markets will perform with normal levels of volatility and that the Canadian dollar will not have a high amount of volatility relative to the U.S. dollar. In determining expectations for economic growth, the Company primarily considers historical economic data provided by the Canadian and U.S. governments and their agencies. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements.<\/em><\/p>\n

The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release. All subsequent written and oral forward- looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.<\/em><\/p>\n

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.<\/em><\/p>\n

\n <\/div>\n","protected":false},"excerpt":{"rendered":"

TORONTO, ON, Feb. 01, 2024 (GLOBE NEWSWIRE) — Flow Capital Corp. (TSXV:FW) (\u201cFlow Capital\u201d or the \u201cCompany\u201d), a leading provider of flexible growth capital and alternative debt solutions, is pleased to announce the successful closure of a C$5.25M senior note in CrowdProperty Limited (\u201cCrowdProperty\u201d), a premier marketplace lending software platform company that bridges the gap 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