Sensible Lender Limited has raised £7 million
Sensible Lender Limited has just raised £7 million in the first round of venture capital investments.
<p><img class="alignnone size-full wp-image-2653" src="https://ateeq909.files.wordpress.com/2015/11/seolabservicex1164.jpg" alt="seolabservicex1164" width="314" height="49" /></p> <p>The UK-based lending business Sensible Lender Limited has just raised £7 million in the first round of venture capital investments with lead investor Venture Capital Partners to accelerate growth of its global peer-to-peer lending platform, with the remainder coming in three separate tranches over a 6 month period.</p> <p>Launched in 2012, Sensible Lender has more than 600 investors and over 140 borrowers from the United Kingdom with more than £32 million of bridging loans written with an average loan advance of £217,000 at an average LTV (Loan-To-Value) of 68.7 per cent. The company has already closed on £16.4 million in deals since January 2015, and has several properties under contract in Manchester, which it plans to close by the end of the year.</p> <p>Sensible Lender uses proprietary underwriting and insight to match creditworthy property owners with lending capital sourced from private and institutional investors, family offices, and financial firms to fund loans.</p> <p>The company plans to expand its business to regions beyond the UK as peer-to-peer lending is growing in popularity. A $5.5 billion industry in 2014, it's expected to grow to $150 billion by 2025, according to reports from accounting firm PwC.</p> <p>"Our rapid growth is a true testament to the general state of the peer-to-peer lending sector at the moment," says Stuart Pearson, Managing Director of Sensible Lender Limited. "It continues to experience increasing demand for niche mortgage loan products and quality asset-backed investment opportunities from both foreign and domestic investors."</p> <p>"The United Kingdom is one of the most advanced countries in the world for peer-to-peer lending with over 50 major platforms launched and we believe the opportunity for asset-backed lenders centers on meeting the unmet needs of underbanked small to medium-sized residential and commercial property owners as well as faster underwriting for customers already served by one of the major banks," adds Mark Fink, Chief Operating Officer, Sensible Lender.</p> <p>Scheduled for completion in 2016, it will be the fourth largest investment in the entire portfolio of Venture Capital Partners, with its strong focus on the small to mid-capitalization market segment. The investment in Sensible Lender is expected to have a lifespan of 6 years and an average annual growth rate (AAGR) of 26.4%.</p> <p>Media Contact<br /> Company Name: Sensible Lender Limited<br /> Contact Person: Alex Totty<br /> Phone: +441208555025<br /> Address: London, United Kingdom<br /> Email: firstname.lastname@example.org<br /> Website: <strong>http://sensiblelender.com</strong></p>