LendSecured is a crowdfunding platform from Latvia. The platform focuses on low risk loans for farmers, real estate developers and small-medium enterprises of the housing sector. Recently, the platform has introduced a new product, also rooted in agriculture: grain and harvest loans. LendSecured highlights investors security through: low average Loan-To-Value of 37%, being audited by lemonway or that all investments are held on a seggregated account of BNP Paribas.
|Investment Structures||Direct (peer-to-peer)|
|Investing Into||Business Loans, Real Estate|
|Interest Rates||11.00% – 13.00%|
|Number of Originators||1|
|Number of Countries||2|
|Minimum Investment||50 EUR|
|Average Net Return||11.60%|
|Total Loans Funded||817,909 EUR|
|Loans Outstanding||190,949 EUR|
|Loans 1 To 15 Days Late||n/a|
|Loans 16 To 30 Days Late||n/a|
|Loans 31 To 60 Days Late||n/a|
|Loans 60 Plus Days Late||n/a|
|Loans Defaulted (In Recovery)||n/a|
|Loans Defaulted (Recovered)||n/a|
|Loans Defaulted (Written Off)||n/a|
|Average Amount Per Investor||n/a|
|Late Fees Earned||n/a|
With December 2021, LendSecured has launched an auto-invest feature. The minimum amount for investment per project is 50€. You can create basic or more advanced strategies. The latter allow you to fine-tune your investments.
Available as: Primary Market
In June 2021, the platform introduced VIBAN (virtual IBAN) accounts for each investor account. Funds are allocated to the VIBAN accounts within 24 hours of transfer.
|Skin in the Game|
LendSecured is cofunding every project with 5%.
|Collaterals||Property, Business Guarantee, Inventory|
|Maximum Loan To Value (LTV)||55.00%|