UK’s Sourced Capital recently noted that 2023 has been a great year for them.
Sourced Capital says they have had an “outstanding” year to date as indicated by their latest statistics, “raising £11.8 million for projects and repaying nearly £4 million in interest to our investors.”
Sourced Capital has shared some of their highlights:
In February of this year, Sourced Capital reportedly funded Taunton, “with a total loan amount of £5,055,000. The former office building will be converted to provide 55 x self-contained apartments, comprising of 42 x 1-bedroom & 13 x 2-bedroom.”
Works are well underway with this project and they “look forward to updating clients soon.”
High Demand Projects
In just 24 hours, Sourced Capital investors “raised a total of £405,000 to assist with the refurbishment of Golden Cross Lane.”
They also hosted a number of webinars. As noted by Sourced Capital, these webinars were hosted to help “educate investors on how they can build their wealth and transform their financial future through peer-to-peer lending.”
As covered, Sourced Capital claims it is “a leading innovator in property-backed, peer-to-peer lending, operating with a unique business model.”
The Sourced Group includes “a franchised network of over 200 property sector professionals.”
This established network of specialists exclusively fuels “the Sourced Capital P2P Platform with hand-picked investment opportunities.”
As the Network is part of the wider Sourced Group, we can be confident “that all borrowers and projects are fully assessed for viability before Sourced Capital’s involvement.”
At that point, all loan proposals are then “subject to rigorous due diligence (Credit and Legal) by Sourced Capital and require full Credit Approval.”
Only loans that are deemed acceptable, “appropriate, and fully meet with their published risk appetite are presented to the platform as available for lender investment.”
Sourced Capital says that it enjoys the advantages of “having a vastly experienced, full-time leadership team with a proven track record of success in both the finance and property sectors.”
Sourced Capital considers this combination of “directly relevant specialized knowledge and experience as the key reason for our ongoing growth and success.”
