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Peer to peer lending, » Proplend

Proplend

Proplend

Proplend is an online marketplace offering investors rates of risk-adjusted returns. All loans are supported by a 1st charge on commercial properties in the UK.

The platform services loans from £250K to £5m with a maximum LTV of 75%. Investments are split up to three Tranches based on loan to value; Tranche A (0-50% LTV) had an average annualised return of 7.27% p.a (after fees, before bad debt and taxes). Tranche B (51-65% LTV) had an average return of 9.60% pa and Tranche C (66-75% LTV) had an average return of 12.09% pa over the same period.

The Lender has the option to auto lend or invest directly into an opportunity.  The auto setting available in Tranche A aims to invest the available cash at the earliest opportunity in multiples of £1000 (or one loan part) Loan interest is paid from the Borrowers to the Lender on a monthly basis.

Fees

Proplend charges an arrangement fee to the Borrower which is a percentage of the value of the loan.  The platform also charges the L

Lender a fee equal to 10% of the interest they receive.  For Lenders using the secondary market, there is a ”Novation Fee” of 0.5% of the value of the loan part being sold.

What happens if Proplend dissolves?

Arrangements have made with a third party Resolution Compliance Limited who will take over the administration of the outstanding loan contracts and ensure that the Borrowers continue to make interest and capital payments.  They will also distribute the appropriate amounts to the Lenders.

 

 

 


Proplend Products and Investment

    This level is based on an LTV of 66-75% with 3% expected losses according to their stress test

    term: 6 - 60 months min. investment: £1,000 return: up to 12.09%*
    * provided on 27/01/2020

    This level is based on an LTV of 51-65% with 0.3% expected losses according to their stress test

    term: 6 - 60 months min. investment: £1,000 return: up to 9.60%*
    * provided on 27/01/2020

    This level is based on an LTV of 0-50% with 0% expected losses according to their stress test

    term: 6 - 60 months min. investment: £1,000 return: up to 7.27%*
    * provided on 27/01/2020

Investor Overview

  • The minimum investment is £1,000
  • Manually invest or 'Auto-Lend'
  • Classic, ISA and (SIPP/SSAS) pension accounts available
  • All loans are backed by UK commercial property (1st charge)
  • Comprehensive due diligence is completed on all Borrowers and properties
  • Choice of up to three risk-adjusted 'Tranche' investments per loan
  • All interest from the Borrower is passed onto Lenders - before a 10% Lender Fee is deducted
  • 3+ months' interest (varying by loan) is 'reserved' from the principal drawn down for all loans
  • Interest is paid monthly
  • IFISA is flexible - withdrawals can be 'replaced' during the same tax year (i.e. withdrawals can be temporary)
  • Loan terms from 6-60 months
  • Loans in good standing can be sold during term via Proplend's secondary market - liquidity cannot be guaranteed and sales are subject to 0.5% seller fee
  • * correct as of 02/04/2020

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Go to Proplend

admin@proplend.com

20-22 Wenlock Road, London
N1 7GU

0203 397 8290

08315922
company number

03/12/2012
incorporated 8 years

  • Internet Business Awards Category Award Winner 2015
  • Hertfordshire Business Awards Finalist 2014

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