UK’s P2P lender Blend Network notes that as we approach the year-end, they wanted to do a “throwback to some of the landmark projects we funded in 2021.”
The Blend Network team writes in a blog post that they have shared some of the schemes that they really “enjoyed funding, because the borrower behind it was a pleasure to work with.” That’s because the project itself “was awesome and really unique or because we love the finish product,” according to Blend Network.
Our Cheltenham project: The first tranche of this scheme was “actually funded in September last year, followed by a second tranche in November last year and a final tranche in February this year.”
According to Blend Network: But the reason they wanted to include this project among their landmark projects of 2021 is “because the borrower behind this project came back to us to fund his next project in Gloucester.”
Blend Network added:
“We loved working with this borrower to help him convert a former care home in Cheltenham into 12 apartments. In fact, we recently did an interview with him, and he told us how Blend Network stuck by him even at the height of the pandemic when he initially came to us in February 2020 looking to fund this scheme (we eventually funded the first tranche in September).”
Our Gloucester project: The company “enjoyed so much working with the borrower behind the Cheltenham project that we were delighted when he came to us asking us to fund his next project.”
So, Blend Network funded “the first tranche of this £4,600,000 GDV scheme in late-March. The second and third tranches were funded in July and in October.”
Our Sunderland project: The platform “funded the first tranche of this £4,181,000 GDV scheme back in late-May.” The borrower “came to us needing funding to develop 19 beautiful much-needed new houses in Sunderland.”
Our Ferndown project: A few days after funding the first tranche of their Sunderland project on 27 May, Blend Network “funded the first tranche of this £5,630,000 GDV scheme, followed by a second tranche of funding in August.”
This project “had the largest GDV of all the projects we’d funded to date, but we were delighted to support the borrower who was looking to develop a property into 15 much needed apartments in Dorset.”
You may review all the projects they have funded at www.blendnetwork.com.
BLEND Loan Network Limited “is authorized and regulated by the Financial Conduct Authority (Reg No: 913456).”