In this month’s episode of ‘Did you know’, we bring you the secrets of our first-class due diligence and underwriting so you get to know more about the process we go through to ensure that you and hundreds of lenders like you can access the best property-secured loans.
Our lending team of property experts, headed by Registered Chartered Surveyor Paul Watson, are responsible for sourcing property loans with an attractive risk/reward and carrying out an in-depth due diligence process on the loan and on the borrower before agreeing to lend. Our credit team conduct a solid appraisal of each project, which includes checking the following:
The project
- Location
- Costs
- Comparable
- Profit
The borrower
- Experience
- Track record
- Can the borrower deliver this project?
- KYC/AML
- Credit checks
The exit
- Liquidity
- Refinance or sell
Independent due diligence
- RICS Valuation
- Solicitors
- Monitoring
Our team’s motto is ‘if we don’t understand the risk, we don’t lend’. This attitude has allowed us to build an enviable track-record: we have delivered an average of 9.98% return p.a. since we funded our first loan in mid-2017 to date, 22 September, and have never lost a penny of investor money. You can check our portfolio performance in the stats section of our platform: www.blendnetwork.com/pages/statistics. However, past performance is not a reliable indicator of future results and your capital is at risk if you lend to businesses.
We have a wide range of lenders, from retail investors investing from £1,000, to sophisticated professional investors, High Net Worth Investors, family offices and institutional investors. So, whether you are investing only £1,000 or £100,000, we hope next that time you see a loan listed on Blend Network, you will be even more confident about the level of due diligence and assessment that’s gone into the deal and to ensure an attractive risk/reward is achieved.
Past performance is not a reliable indicator of future results. 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).
BLEND Loan Network Limited is authorised and regulated by the Financial Conduct Authority (Reg No: 913456).
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