Property Bridges

M

Mullsafin

Registered User
Messages
32
Anyone have nay opinions on Property Bridges peer to peer lending platform?
Different rates of return and term lengths ranging from a few months to 24 months
 
Are you considering investing with them, or using them as a provider of funds, for a project?
 
Just a ballpark estimate with gross returns of 8.5% & 9% on your money. 52% tax rate
 
As an investor, what happens if a development:

- doesn't complete (part built, then there's cost problems, lack of labour, builder goes bust etc).?

- doesn't generate sufficient sales revenue to clear all debt?

- falls significantly behind schedule, and you need your money back?
 
Builders with proven track records, low default rates, and equity in deals construct properties in prime locations, ensuring quick sales. Conservative loan-to-value ratios, collateral like company shares, and first legal charges provide added security. Of course always risks involved
 

That's all the criteria for a Bank to lend, so why would they need to go to Property Bridges, where I'd expect that they have to pay a higher price for their funding?
 
MrEarl said:
That's all the criteria for a Bank to lend, so why would they need to go to Property Bridges, where I'd expect that they have to pay a higher price for their funding?
Click to expand...
I think it's because they were badly burnt in 2008 and still haven't gotten over it
 
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