LendInvest, a United Kingdom based Peer-to-Peer (P2P) platform targeting the residential and commercial mortgages market recently revealed some interesting statistics regarding their portal. The company launched crowdfunding operations this past May and has traded over £8.5 Million in loans. From this empirical data, as reported on AngelNews, the company has given a glimpse into their success:
- 83% of the loans have been in London (within the M25);
- 95% of the loans have been against completed properties (ie, no development/developer risk);
- The average return achieve by investors, to date, is 9.65% net per annum
“These statistics show that LendInvest is providing investors with some of the best lending opportunities in the P2P market – loans that are secured against properties primarily in London, and providing very good returns, stated Managing Director of LendInvest, David Serafini. “All of LendInvest’s loans have the benefit of our significant track record of underwriting (with Montello) and access to the best fraud detection systems in the market.”
The principals behind LendInvest come from backgrounds in law, property, banking and finance. The company has been founded by two principals from Montello Capital Partners, which is one of the leading real estate lenders in London. LendInvest also benefits from very sophisticated fraud detection and underwriting processes in the market and access to substantial deal-flow between £50million to £100million each month.