BridgeCrowd reassures investors its still open for business
Crowd-funded lending platform BridgeCrowd has reassured investors that it is still open for business and will continue to pay investors during the coronavirus pandemic.
In response to the changing business environment as a result of Covid-19, the specialist property platform and bridging loan provider has reassured its investors that the company continues to be well capitalised and is a strong position to navigate and perform well in the short and long-term.
The platform has suffered zero capital losses since its initial launch eight years ago and has a 100 per cent recovery rate for all loans.
“Our track-record of eight years of stable growth, and 100 per cent recovery rate is excellent,” said Louis Alexander, managing director of BridgeCrowd.
“This is due to our conservative and sensible lending criteria.
“Now, as always, our absolute priority as a business is to keep investments safe and ensure our clients are supported during this time.
“We are using the same precise, methodical and knowledgeable recovery policy we are known for and applying it to this new and highly dynamic business context.”
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BridgeCrowd has also reassured investors and borrowers that service levels remain the same with staff fully equipped to work from home.
The company will continue to offer loan opportunities to investors in order to fund loans with borrowers but said it will naturally prioritise the safest loans at this time.
“As surveyors, solicitors and banks naturally slow down; this will have a knock-on effect and we anticipate a slow-down in loan redemptions,” said Alexander.
“However, our underlying loans are tied to the property market which has been robust in times like this and one which investors have profited from over the years.
“Our strategy is – and has always been – to provide our investors with the safest possible return and to plan and protect for long-term stability.”
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