CapitalStackers has revealed for the first time how much funding for its peer-to-peer property lending loans comes from banks.
The platform helps arrange bank lending for property development and lets P2P investors fund any shortfall left in the project after a borrower’s deposit.
It received Financial Conduct Authority (FCA) regulatory approval in 2016 and has built up a loanbook of £60m, of which £45m is funded through bank lending.
The lender has written 28 deals with an average investment of £131,703 and has recorded zero losses so far.
The highest return for investors is 22.48 per cent and the lowest is 7.34 per cent, while the average is 12.1 per cent.
The figures form part of a new portfolio statistics page that will regularly update CapitalStackers’ highest, lowest and average returns as well as repayment performance and risk and reward.
“The new portfolio statistics page lets members find answers to general questions, such as how much cash we’ve raised in total through our investors, how much has been provided by banks and what the average investment is,” CapitalStackers said.
“You may ask why we haven’t done this before.
“The simple answer is, until recently we haven’t had sufficient data.
“However, having reached the significant milestone of £60m funding raised, that’s £45m through banks and the rest through you (P2P investors) we feel the sample size is now robust enough to give you a meaningful set of statistics.
“We’d like to take a moment to thank our investors and appreciate what a huge achievement they’ve helped to make possible – behind every statistic there is a viable, successful building project that would never have got off the drawing board if it weren’t for their collective support.”