Peer-to-Peer crowdfunding platform LendInvest continues to post impressive results. The company earlier this year reported growing to £25,000,000 in loans completed since their launch in late spring of last year. The company captured significant media cover regarding a P2P loan for £4.12 million which has been claimed as the largest ever of its kind. That specific security carries a 12% annual interest rate, in dramatic contrast to savings rates at around 0.5%, that was created for a London property developer for the acquisition of several adjoining commercial buildings in South London. Over 200 investors pooled together to fund the loan.
In the short time the P2P platform has been in operation, LendInvest has experienced:
- Average investment of £85,000
- Lowest investing amount £10,000
- Largest investing amount £1.6 million
The company specializes in both residential and commercial property financing. LendInvest believes residential property developers are a very appealing and untapped market today. As the UK economy grows a shift to alternative finance – crowdfunding and P2P – should take off.
As of today, LendInvest has completed over £26 million in loans secured against over £38 million in UK real estate assets. With their P2P platform backed by years of real estate financing experience and banking industry best practices this growth should only accelerate going into 2014.