June saw us hit yet another milestone at Blend Network. On 1 June 2021, we agreed funding for our largest-ever project, a £3,460,000 total net facility to fund the redevelopment a property into 15 apartments in Dorset – 13 two-bed and 2 one-bed flats. The borrower, an experienced property developer and investor, has an amazing track-record; he has successfully built 194 units with a GDV of circa £31,000,000, spanning 25 projects since 2006. The first tranche of this 9.5% return p.a. loan was funded by 279 yield-hungry investors.
The full details of this project are available at www.blendnetwork.com and we advise all those investors who want to invest in this project to keep an eye for the next tranches of this scheme which will be listed in the next few months as the borrower progresses with the work.
Your capital is at risk if you lend to businesses. P2P lending is not covered by the Financial Services Compensation Scheme. Investments are illiquid (the inability to sell assets quickly or without substantial loss in value). Past performance is not a reliable indicator of future results.
BLEND Loan Network Limited is authorised and regulated by the Financial Conduct Authority (Reg No: 913456)