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  • Peer to Peer Lending

    Debating crowdfunding/P2P lending from a property perspective

    Property investors have raised £1 million for a development in Knightsbridge in just 71 hours.

    The row of five townhouses and four apartments is worth over £100 million and just a stone's throw from Harrods.

    Investors used online property investment platform CapitalRise to snap up shares of this sought-after development.

    The website reports that 67% of the funds came from female investors.

    The property developer, a Finchatton–led joint venture, had already raised the majority of the investment and was refinancing £1 million through the platform for the scheme.

    Full/source article

    See also:

    Our first crowd funding raise

    Nicole Bremner on scaling up in 2017 

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    There are some very interesting developments in finance coming along - platforms such as capitalrise are one of them

    Banks are losing their grip on some types of lending / borrowing and it will be interesting to see how they respond

    Anyone interested in peer to peer lending might want to add this forum to their reading list

    https://p2pindependentforum.com/

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    Hi everyone,

    New to the PropertyTribes forum. I'm a big advocate of P2P / Crowdfunding in the real estate investment space, but sad to see there's relatively little activity on this board. Am I barking up the wrong tree by any chance?

    Regards,

    Charles

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    I've put £10k's into Savingstream

    https://savingstream.co.uk

    and also similar into Zopa

    https://www.zopa.com

    &

    funding circle

    https://www.fundingcircle.com

    - all P2P, only savingstream property, all unregulated.  Clearly risky, but the returns are way way beyond savings accounts.  My approach to investment is spread it around (property, pension, P2P, some stocks & shares, some ready cash in savings accounts).  I expect the odd thing to fail but hopefully not everything.  It's those that put all their eggs in one basket (including all in property, for example) who are taking this biggest risks..

    I've had very acceptable bad debts with Zopa (currently 1870 individual loans), none so far with the other two but I expect some to go bad (38 properties with SavingStream, 228 different loans with FundingCircle.

    If you can't afford to lose the investment amount, don't invest: (Applies to Las Vegas, Ascot Racing, stock exchange, property investment, even the 1kg bars of Silver I have ...)

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    Hi there, @theartfullodger, great to see signs of life in this forum!

    I was starting to wonder whether everyone had just migrated to using p2pindependentforum.com instead.

    Absolutely agree with your thoughts on diversification and risk. May I ask, which platform, in your opinion, has given you the best overall experience (i.e. in terms of returns, customer service, etc.)?

    Cheers,

    Charles

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    What do you mean when you say "... all unregulated."  The platforms you cited are regulated by the FCA. Maybe you were referring to something else.

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    John Corey 


    I host the London Real Estate Meet on the 2nd Tuesday of every month since 2005. If you have never been before, email me for the 'new visitor' link.

    PropertyFortress.com/Events

    Also happy to chat on the phone. Pay It Forward; my way of giving back through sharing. Click on the link: PropertyFortress.com/Ask-John to book a time. I will call you at the time you selected. Nothing to buy. Just be prepared with your questions so we can use the 20 minutes wisely.