Proplend extends funding to include individuals
By Sam MonkProplend has introduced its property funding solutions to individual owners of commercial property
Section: Products
The P2P lending platform will also continue to provide commercial investment finance solutions to corporate vehicles.
“We’ve received numerous enquiries in the past from individuals looking for funding for their commercial (investment) property and we expect to get many more going forward,” said Stewart Bruce, business development manager at Proplend (pictured above).
“To date, we’ve only been able to help when the property is held in an SPV, so it’s an exciting development for lenders and creditworthy personal borrowers alike that we can start bringing these loans to the platform.”
Proplend recently revealed that it was looking to recruit regional BDMs in an attempt to double its loan book.
Keywords: P2P lenders, peer-to-peer lender, specialist lenders, bridging and commercial, property funding, property funding solutions, Proplend, commercial property, commercial property owners, commercial finance, commercial funding, commercial investment