During these uncertain times, rest assured that the Blend Network team remains willing and able to continue looking after all those lenders who have deposited their trust in us for the past three years.
As the coronavirus pandemic is causing unprecedented movement in financial markets, and industries worldwide are experiencing huge uncertainty, I wanted to personally write to you and reassure you about the strong position we find ourselves in. We regularly and closely monitor the loan book and we are in regular contact with all our borrowers, speaking with them even more than usual. We continue to closely inspect the development of our projects and our service to borrowers has not been disrupted; we are releasing money according to monitoring certificates as usual.
We also remain strongly committed to continue lending to experienced property developers who come to us with a solid project, an enviable track record and a strong exit strategy. Our underwriters are working very hard to ensure that our pipeline of loans remains of high quality so that we can keep bringing you great risk/reward loans as we have done so far.
You may have seen recently that Blend Network has been included in Ample Invest’s list of the top 5 European P2P lending platforms for 2020. This, along with a long list of awards and shortlists we were included in last year, is a testament to the hard work of our team here at Blend Network and of course, of your support.
These difficult and unsettling times are temporary. Thank you for your continued support and trust. Remember that ‘this too shall pass’ and we look forward to sharing many happy moments to come with you all. If you would like to discuss any aspect of an existing or upcoming loan, please do not hesitate to get in touch.
CEO at Blend Network