Type: Peer-to-Peer (P2P) Property Lending
Peer-to-Peer (P2P) Property Lending - geography: United Kingdom
CO. no.: 08315922
Secured Peer-to-Peer (P2P) commercial property lending. Invest & Earn 5-12% pa*. Capital at Risk. *after fees, before bad debt & taxes
Description: In 2003 Brian founded Longcross Capital, a firm specialising in providing financial solutions for real estate investors and developers. He spent 12 years successfully structuring funding deals to meet his clients ever changing requirements, which ultimately led him to develop the Proplend platform. Prior to property finance he spent 13 years working in London, NY and HK managing FX and Options trading desks where he developed a solid understanding of risk.
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 of 10% p.a. Proplend was the first platform to bring the tranched Peer to Peer loan to market ? understanding the need not only to bring together lenders, but more importantly to blend together lenders with different risk profiles and return requirements all together within the same loan.