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Real Estate

·Apr. 21, 2017

Octopus Choice Approaching 50mn British Pounds in Loan Originations

Peer-to-peer platform Octopus Choice is estimating GBP50 million ($64.08 million) in loans in its first year of business; the platform offers loans secured on residential property with average returns of 4.2% and loan to value ratios of up to 70%; the firm's loans have ranged from GBP95,000 ($121,744) to more than GBP5 million ($6.41 million); the firm has been fully authorized by the FCA and has received its HMRC approval to offer an IFISA. Source

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Europe News Roundup Online Lending Real Estate

·Apr. 11, 2017

Funding Circle Announces Changes for Property Lending

UK online lender Funding Circle has announced it will be slowing its property lending with plans to fully end the product by mid 2018; the firm is primarily focused on SME lending and says the refocused strategy will help it to increase SME lending and shift its resources for international expansion; property loans have previously only been available to UK borrowers and the product has accounted for approximately 5% of the company's revenue. Source

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News Roundup Online Lending Real Estate USA

·Dec. 9, 2016

LendingHome Reaches $1bn Milestone

LendingHome has reported over $1 billion in mortgage loan originations since it launched two and a half years ago; company is the leading marketplace lending mortgage loan originator in real estate; factors influencing the rapid growth include expansion to jumbo loans and a new investor platform for individuals; active in securitization, it has partnered with Nomura Securities International and developed the industry's first master trust securitization vehicle providing it with ongoing access to the securitization market. Source

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Europe News Roundup Online Lending Real Estate

·Jan. 16, 2017

UK Investment Firm P2PGI Changing Investment Focus to Secured Loans

P2PGI will be increasing its allocation to asset-backed loans in its investment trust; the firm will primarily focus on secured real estate loans however it will also be increasing its allocation to invoice credit lending and other secured lending investments; the increased focus on secured loans follows a previous announcement on targeting UK originated loans. Source

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Europe News Roundup Online Lending Real Estate

·Mar. 1, 2017

Proplend Gains FCA Authorization in the UK

The UK Financial Conduct Authority (FCA) has granted full authorization to Proplend; the FCA continues to review authorization applications, primarily focusing on secured lending platforms; Proplend is a secured commercial real estate property P2P lender offering three tranches for investors; returns on the platform range from 5% to 12% with loans of 250,000 British pounds ($307,718) to 5,000,000 British pounds ($6,154,350); the platform has funded 11.5 million British pounds ($14.16 million) of loans since inception with zero defaults; it has plans to offer clients an innovative finance individual savings account however it will likely not be available until 2018. Source

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Europe Fintech News Roundup Real Estate

·May. 29, 2018

New UK Startup Wants to Take the Pain Out of Investing in Property

A new fintech startup based in London wants to make buying an investment property as easy as ordering something on...

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Europe News Roundup Online Lending Real Estate

·Mar. 22, 2017

Property Crowd Launches IFISA

UK debt crowdfunding platform Property Crowd has announced the launch of its innovative finance individual savings account (IFISA); the minimum investment for the IFISA is 5,000 British pounds ($6,220) and the account will target returns of 7% to 10%; Property Crowd will compete for investment across the alternative debt market however its offerings vary slightly from traditional P2P lenders since the firm's debt products include structured real estate bonds. Source

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Fintech News Roundup Real Estate USA

·Apr. 25, 2017

Patch Homes Launches New Service for Homeowners

Patch Homes has officially launched after operating in private beta; the platform seeks to allow homeowners to greater utilize the equity in their homes; by offering investment versus a home equity loan, homeowners contract with Patch Homes for capital proceeds that can be used for any type of financing needs; Patch Homes then shares in the gains and losses on the home's value over the contracted timeframe; Patch Homes has identified a $4.5 trillion home equity market in the US; along with its launch it also announced $1 million in fundraising to support its growth and to expand its offering beyond California. Source

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Fintech News Roundup Real Estate USA

·Mar. 23, 2017

Unison Leading the Way for a New Era of Home Ownership Affordability

Lending Times reports on the business model created by Unison to improve the affordability of home ownership in the United States; the firm has developed two main products, a HomeOwner and HomeBuyer product, that are based on an investment model rather than a lending model; as a real estate investor the firm provides capital for borrowers and shares in the gain or loss of the real estate property's value; Unison and other innovative real estate businesses participated in a panel at LendIt USA 2017 titled, "The New Era of Buying & Selling a House" sharing further insight on how fintech innovation is evolving in residential real estate. Source

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News Roundup Real Estate USA

·Dec. 30, 2016

California Lender Providing Holistic Financial Planning with Mortgage Loans

California mortgage lender Opes Advisors is using proprietary software technology to help clients think more holistically about how buying a home fits into their financial plans; the company originates approximately $3 billion in mortgage loans per year and has built technology software that advises clients on comprehensive financial planning; also offering wealth management, the company provides comprehensive advisory services that are unique in the mortgage lending market. Source

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