The two loans amounted to £1.45 million which was done as one trade across the platform, and brings LendInvest’s total to over £6 million of loans traded since launching.
LendInvest which launched only four months ago, is the first secured peer-to-peer lending platform that is exclusively focused on residential and commercial mortgages.
Across the two loans, the £1.45 million was lent out at a Loan To Valuation of 63%, and secured by a registered first charge against residential properties in decent areas of London. The net return to the investor after accounting for LendInvest’s fees, was an annualised return of 9% pa.
As LendInvest has a live secondary market for trading loans, the investor that purchased the loans started earning a return on the loans upon completing the transaction.
Managing Director of LendInvest, David Serafini commented:
“This transaction shows the quality of the LendInvest platform - we were able to provide an investor with a return of 9% per annum, with the significant protection of being secured by a first charge against London residential property. The fact that LendInvest’s loans are secured against property, is meaning that our platform is proving to be very attractive for sophisticated investors that understand the risks of lending.”
Co-founder of LendInvest, Christian Faes commented:
“We are finding that the LendInvest platform is proving to be very popular with investors, and our secondary loans are proving to be particularly attractive. Through this, LendInvest allows investors to start earning a return straight away, rather than waiting for a loan to be ‘filled’ with investors.”
