What is happening in peer-to-peer lending - Market Commentary – 11th June 2015

Last post: Jun 16, 2015

Totals lent to date (11th June 2015) Assetz Capital - £73,000,000 plus Funding Circle - £670,816,700 FundingKnight - £17,876,000 FundingSecure - £7,526,624 Lending Works - £9,393,868 Money & Co – £4,625,000 Rebuildingsociety - £6,553,475 ThinCats - £114,058,000 Zopa - £891,000,000 RateSetter £657,849,147 Invest and Fund - £1 million plus LendingCrowd - £ not currently available ArchOver -£4,020,000

Totals lent to date (11th June 2015)

Assetz Capital - £73,000,000 plus
Funding Circle - £670,816,700
FundingKnight - £17,876,000
FundingSecure - £7,526,624
Lending Works - £9,393,868
Money & Co – £4,625,000
Rebuildingsociety - £6,553,475
ThinCats - £114,058,000
Zopa - £891,000,000
RateSetter £657,849,147
Invest and Fund - £1 million plus
LendingCrowd - £ not currently available
ArchOver -£4,020,000

…………..

Assetz Capital

Assetz Capital's investors have so far funded £73,000,000 plus of loans (most up to date figure available).

There are a variety of lending opportunities with some sizeable loans being sought including a company seeking £3.3 million to build a 71 bedroom dementia nursing care home plus provide working capital and an element of refinance. LTV is 55% and a potential annual rate of 10% gross. It is already more than 50% funded.

The £700,000 loan being sought by a care home mentioned in our previous market commentary is still available to invest in.

Funding Circle

To date, it has processed loans totalling £670,816,700 – an increase of 2.80% in 2 weeks.

In terms of money lent, consistency is the name of the game with this peer-to-peer lender with over £18 million advanced in the past two weeks.

As always there are many opportunities to invest your money. For instance, a golf club and lodge resort are looking for a loan of £156,260 to purchase new luxury lodges and a catering butcher in Essex requires £31,260 for expansion purposes to name but a few.

FundingKnight

To date, it has processed loans totaling £17,876,000 – an increase of 1.42% in 2 weeks.

Only one loan of £400,000 is presently available to invest in with this being a joint venture between FundingKnight and Just Cash Flow PLC (JCF) that is also an alternative finance provider. JCF help fund companies that would otherwise not be able to obtain finance through peer-to-peer lending or high street banks. This loan will be used to support various businesses including a legal practice, property developers, graphic design companies and a medical solutions company. The opportunity to invest only became available on 11 June and after a few hours it was already 58.8% funded.

FundingSecure

FundingSecure has administered advances totalling £7,526,624 (latest figure available)

Three loans are available with one being for £260,000 for a hotel wishing to refurbish the premises including adding a restaurant. LTV is low at 52.53% but this is always the case with FundingSecure.

Other loans should become available shortly including one secured against jewellery and another secured by paintings.

Lending Works

Lending Works has arranged loans totalling £9,393,868 – an increase of 5.08% in 2 weeks.

Once again, a good fortnight with loans totalling over £450,000 being advanced.

Money & Co

The amount lent so far is £4,625,000. (latest available figure)

No new loans are presently available but we will mention them when any are although, in the meantime, feel free to monitor their website in this respect.

rebuildingsociety

rebuildingsociety's loan book stands at £6,553,475 – an increase of 3.69% in 2 weeks.

A much more active couple of weeks with over £230,000 lent and 9 lending opportunities available including a fitness equipment hire company seeking £120,000 and a firm of solicitors requesting £50,000.

The loan of £120,000 being sought by La Drape International Ltd that designs and manufactures bedspreads mentioned in previous reports is fully funded.

ThinCats

The amount lent so far is £114,058,000 – an increase of 1.75% in the last 2 weeks.

Almost £20 million has been advanced in the past couple of weeks making it another good period.

There are presently 10 loans totalling £3.81 million that you can consider investing in with these being for a variety of purposes with target rates ranging from 7% to 15% - a wide variance. One loan is being sought by Street UK that provides ethical short-term loans to people on low incomes based in the West Midlands with the £500,000 required to partly help grow the initial loan book of Street-Online.

Zopa and RateSetter

Zopa

To date, Zopa has been involved in loans totalling £891 million – an increase of 2.06% in 2 weeks.

Yet again, another good couple of weeks in terms of money lent.

Zopa has been named as Best Personal Loan Provider by Moneyfacts.

RateSetter

To date, it has been involved in loans totalling £657,849,147 – an increase of 2.83% in 2 weeks.

Yet again, a good fortnight with over £18 million lent.

Invest & Fund

To date it has been involved in loans totalling over £1 million.

There are currently no new loans to invest in so any new ones appearing on their website would seem to require your early attention if you are not to miss out. There are nineteen "resale investment" opportunities available but these are for small sums.

LendingCrowd

There are presently five loans available to invest in. The one sought by Cronapress Ltd mentioned previously is 30.9% funded so it is still available.

There are still numerous "loan parts" enabling you to invest in existing loans.

ArchOver

To date, it has lent £4,020,000.

There are a couple of loans available to invest in with one being for a finance company seeking £500,000 to then lend to legal firms.

We trust that you found the above informative.


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