Introduction
We’re thrilled to share some fantastic news from The Sourced Group.
We’ve achieved a remarkable milestone by funding over £50 million in franchisee projects through Sourced Capital, our dedicated funding arm of the business.
Since we started in 2017, Sourced Property Franchise has been a cornerstone for those looking to start or scale a property business.
Launched by CEO, Stephen Moss, our platform is designed to assist property professionals in building their own portfolios by providing essential knowledge, continuous support, exclusive property leads, funding and innovative tech solutions for systematisation.
The key here is our private in-house lender, Sourced Capital, which eases the financing hurdle, allowing franchisees to borrow up to 100% of the purchase price and development costs needed for their projects based on the GDV (Gross Development Value).
How does it work?
Unlike traditional finance options, the loans are based on the Gross Development Value (GDV) of projects, with franchisees being able to borrow up to 70% of the end value of their project.
If the numbers are right, this allows the franchisee to borrow 100% of the purchase price and build costs, minimising the amount of money they need in their pocket to undertake the project.
Our dedicated support team is on hand to help them all the way through the process. This level of support ensures that they have experienced, objective advice all the way through their project, which enables the franchisee to focus on building a bigger, more diverse portfolio.
Take, for instance, some of our success stories— like £420,000 raised for a conversion in Exeter, generating a profit of £116,200. Similarly, we secured £1,103,000 for a development in Clacton-on-Sea, which resulted in a £178,000 profit. In another case, we facilitated the raising of £3,350,000 for a new build in Barrowford, anticipated to bring in a profit of £837,000.
These aren’t just numbers; they’re real-life examples of dreams being built, thanks to our robust support system.
A Word From Our Managing Director
Our Managing Director, Chris Kirkwood, says: “We are immensely proud to reach this significant milestone. While the figure itself was never a target, our commitment has always been to maximise funding availability for our franchisees’ deals.
The fact that we have facilitated over £50 million in property purchases and helped our community generate millions in profits is a testament to our dedication over the past six years. Here’s to the next £50 million.’’
Testimonial from Sourced Franchisee
And if you’re wondering about the real-world impact, just ask Naorain Ghafoor, one of our franchisees. She has had 2 projects funded by us so far, with one being funded in less than 24 hours! This kind of success showcases the potency of our platform and the speed with which we operate.
She says ‘’ I joined Sourced to get all the basic training and for the funding. I was surprised when my project was fully funded in less than 24 hours. This success has shown me that with the right team and passion, results come quickly.’’
She adds further ‘’Currently, we are working on converting a detached house into a seven-bedroom house by adding four additional rooms, including three bedrooms and two bathrooms. We’re now planning more property flips, with funding from The Sourced Capital.’’
How to Join
Curious to learn more or ready to start your own property journey download our prospectus here and discover how you can be part of this thriving community.
Whether you’re looking to start or scale your property business, Sourced Property Franchise is your go-to resource for all things property investment.
