UK-based peer-to-peer lender Proplend recently announced the launch of its new Tranche A auto-lend facility, which allows Lenders that are participating on the property lending platform to now have an automated investing option that allocates their available cash to eligible loan parts. The facility also… Read More
On Wednesday, Proplend, a UK based peer to peer lender in the property space, announced it has joined the NACFB. According to the online lender, during a brief period of consultation, its commercial borrowing proposition received a great deal of positive feedback from the association’s active Broker community,… Read More
Proplend, a UK based peer to peer lender in the property space, has now topped £25 million in online lending. Proplend revealed the accomplishment in a recent blog post where it also shared it has been shortlisted for the Best Peer to Peer Lender for… Read More
Salamanca Group, a London-based Merchant Bank, announced on Wednesday it recently completed a Series A funding round for peer-to-peer lending platform, Proplend. The company states it facilitated the fundraising through its proprietary network and has also acquired a stake in the online lender. Founded in… Read More
Proplend recently announced HM Revenue & Customs (HMRC) approved its application for ISA manager status for IFISA. The online lender previously revealed its plans to apply for this status after it received full regulatory authorization from the Financial Conduct Authority (FCA). While sharing details about the ISA… Read More
Proplend announced on Wednesday it received full authorisation from the Financial Conduct Authority (FCA) for peer to peer lending. Brian Bartaby, Proplend’s Founder and CEO commented: “After a comprehensive approval process, we are delighted to have reached this significant milestone. The granting of full authorisation demonstrates… Read More
Commercial property lender Proplend has reduced their required minimum investment from £5000 to £1000. The move is expected to broaden their investor base while making it easier for existing investors to create a more diversified portfolio of loans. Going forward, all new loans will be… Read More
Online marketplace for commercial property loans, Proplend, has announced the Proplend Loan Exchange (PLE) where active peer to peer loans listed on their platform may be immediately purchased or sold. Prior to the hosted exchange, Proplend investors could lend via their “In Funding” channel. However… Read More
Peer to peer lending platform Proplend has stated they are now approved for inclusion in pension funds. Proplend is a direct lending platform that targets the secured commercial mortgage market. In a company note, management states it has recently been approved by pension providers to accept… Read More
A new entrant into the peer-to-peer (P2P) property lending space, Proplend, has had its first tranched P2P loan redeemed. The loan was a short-term commercial bridge loan supported by security over a children’s day nursery in Parson Green, London, which paid lenders a gross interest… Read More
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