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London, 26 May 2016: Proplend Ltd, the UK’s specialist in commercial property peer-to-peer lending and pioneer of the P2P Loan Tranche Model, are pleased to announce that they have reduced the minimum loan investment amount to £1,000 with immediate effect. Proplend anticipates that the reduction from £5,000 to £1,000
The Essex, Bexleyheath & Erith Mixed Use Loan was drawn down by the borrower in May 2015. The £978,000 loan represented a 75% Loan-to-Value (LTV) and was secured with a first legal charge over the properties. The Loan remains in Active Good Standing, with no late or missed payments and 12 months left on
The London Lion Yard SW4 & Wiltham House SW18 Loan was drawn down by the borrower in May 2015. The £700,000 loan represented a 55% Loan to Value (LTV) and was secured with a first legal charge over the properties. The Loan remains in Active Good Standing, with no late or missed payments and 12 months left on