LendSecured Review

Description

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.

Visit Platform

Rating

⭑⭑⭑⭑
3.8
based on 4 ratings

Key Facts

Investment Structures Direct (peer-to-peer)
Originator Types Peers
Investing Into Business Loans, Real Estate
HQ Country country image Latvia

Investments

Interest Rates 11.00% – 13.00%
Number of Originators 1
Number of Countries 2
Currencies EUR
Minimum Investment 50 EUR

Statistics

Average Net Return 11.60%
Total Loans Funded 817,909 EUR
Loans Outstanding 190,949 EUR
Loans Current n/a
Loans Late n/a
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
Investors 543
Average Amount Per Investor n/a
Principal Returned n/a
Interest Earned n/a
Late Fees Earned n/a

Features

Auto-Invest
Available

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.

Manual-Invest
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.

Secondary Market
Available
Instant Cash-Out
Not available

Risk & Security

Buyback Guarantee
Not available
Payment Guarantee
Not available
Rating System
Not available
Due Diligence
Available
Skin in the Game
Available

LendSecured is cofunding every project with 5%.

Collaterals Property, Business Guarantee, Inventory
Maximum Loan To Value (LTV) 55.00%

Sign Up Bonus

Investors receive 1% cash back from their invested amount during the first 180 days.

Made with 🥨 in Munich

© 2022 beyondp2p.com