Proplend

Proplend is an online marketplace for secured commercial mortgages, where all the loans are supported by a registered legal first charge on an income producing commercial property. Proplend was founded in 2014 in response to the fallout of the 2008 banking crisis. On one hand bank interest rates fell to and have remained at historic lows depriving cash rich individuals and institutions of much needed low risk income and on the other hand banks who had previously been very active in property lending had either disappeared or pulled out of the market. The sector of the market worst hit was sub £5m commercial lending where there is a staggering £50 billion of existing debt that requires to be refinanced over the next 3-5 years. This is currently being serviced by less than 11 active lenders. Proplend makes it possible for interest rates being offered by borrowers to be earned directly by lenders, circumventing the traditional banking system and creating a new asset class.  This is the first time that private individuals and institutions have been offered direct access to commercial real estate lending opportunities. Borrowers gain access to funding which is not otherwise currently available and lenders get the opportunity to earn risk adjusted monthly income.



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Articles Featuring Proplend

Proplend approved to offer Innovative Finance ISA

23rd March 2017 | Moriah Costa

All change at Proplend

6th October 2016 | Ryan Weeks

Strategic Land Investment Platform Launches

27th April 2016 | Ryan Weeks

2016 UK Origination Volume Predictions

12th January 2016 | Sam Griffiths

Assessing risk in peer-to-peer lending

6th January 2016 | Ryan Weeks

Raiseworks splits into two businesses

16th October 2015 | Guglielmo de Stefano

GLI Fund Launches

22nd September 2015 | Ryan Weeks

First US P2P Real Estate Tranche Loan Launched

4th November 2014 | AltFi News

P2P Platforms Explore the ISA Opportunity

29th October 2014 | AltFi News

P2P ISA Opportunity Flying Under the Radar

17th October 2014 | AltFi News

The Investor Betting Big on Alternative Finance

20th February 2014 | David Stevenson

AltFi Summit 2014 Sponsors Revealed!

3rd February 2014 | Ryan Weeks