Proplend becomes NACFB Patron

The peer-to-peer lending platform reported that it received a great deal of positive feedback from the Association’s broker community during its consultation period.

“Brokers play a significant role in the UK finance market, particularly within our commercial property funding sector,” said Brian Bartaby, CEO and founder of Proplend.

“It is important to know what you’re looking for, as well as where to look.

“This is where specialist commercial brokers come in.

“Increasingly their market awareness and due diligence point them in the direction of peer-to-peer lending platforms like Proplend, who are rapidly becoming a larger slice of the lending ecosystem.

“We can help when high street banks and secondary lenders have been unable to – often providing finance quicker and more flexible, bespoke terms.”

Earlier this year, Proplend was granted full authorisation by the FCA and launched its Innovative Finance Isa on 30^th May.

Norman Chambers, managing director of the NACFB, added: “We are delighted to welcome Proplend as a Patron of the NACFB.

“I have met with Brian and the team a number of times before onboarding and we look forward to continuing the relationship into 2018.

“Our Member brokers have warmly received Proplend as they offer further diversity in the property-lending space.

“We encourage all our Members to engage with Brian and explore Proplend’s services to see how they may help their commercial property clients find bridging and mortgage finance solutions.”