Saving Stream hits investment milestone
Peer-to-peer lending platform Saving Stream has reached a major milestone at the start of the year having raised over £250m in total capital from property investors in the UK.
Saving Stream, which is one of the largest P2P secured property lenders in Europe, provides property finance and development loans to borrowers and an annual return up to 12% to investors.
Investment raised through Saving Stream has increased by £150m to £250m in the last 12 months.
Liam Brooke, co-founder of Saving Stream, said: “Getting to a quarter of a billion pounds is a major milestone for Saving Stream. While we have benefited a lot from the post Brexit reduction in lending from the mainstream banks, we are also attracting new business on the back of our growing reputation for innovative and secure lending and investing.
“We’re delighted to have started the year on such a positive note, after a highly successful year in 2016.
“There is a huge and growing demand for lending from developers who need access to speedier, more personalised finance than traditional lenders can offer. We’re proud to have enabled so many important property developments and generated such excellent returns for investors.”