Proplend, an online lending platform that allows individual investors to partiipate in commercial property loans, has appointed a new Chairman of the Board. According to a note from Proplend, Jason Oakley is the new Chair.
Oakley was most recently the Managing Director of Metro Bank. Prior to that, Oakley was co-founder and CEO of Recognise Bank, a digital SME & Property bank. Oakley also founded Acorn to Oaks Financial Services Ltd in 2008, a market advisory firm.
Proplend founder and CEO Brian Bartaby said that Oakley is a welcome addition to their small, entrepreneurial team adding that they are “totally commercial property focused and have concentrated on building a sustainable business.”
Oakley commented:
“I am delighted to have joined the Proplend team, working closely with Brian. They have done a splendid job getting to break even & I hope to support the business further scaling their loan book and capital base.”
The P2P lender has orginated £168 million since its launch. Currently, investors are earning, on average, 7.26% return. Various risk opportunities are available with higher potential returns.
Proplend is an FCA-regulated, specialist commercial real estate debt and VAT lending platform that provides financing for everything from traditional offices, industrial and retail through to marinas, religious buildings, and even a vineyard.