Armed with growing numbers of institutional and retail investors, peer-to-peer property lending platforms are originating increasingly large facilities.
Bridging lender SoMo last month launched a larger loan product based on broker demand for loans worth more than £300,000.
Meanwhile, CrowdProperty’s publicly-available loanbook data shows that its average loan size is increasing.
In 2019 its average loan size was £367,039, rising to £396,344 in 2020 and is at £437,142 so far this year.
The Birmingham-headquartered platform has a minimum loan size of £100,000 but no upper limit on its products including development finance and bridging loans.
Similarly, bridging and property development lender Kuflink has also seen its average loan size grow, going from £490,000 in 2019, to £440,000 in 2020 and £730,000 this year.
Kuflink’s minimum loan size is £50,000 and its maximum is £750,000.
Other P2P property platforms also offer sizeable facilities.
Read more: Property Bridges inks €100m funding line
Commercial property lender Proplend offers loans of up to £5m, while Shojin Property Partners has a typical loan size ranging between £2m and £4m.
CapitalStackers has no minimum or maximum criteria, although it says that the pricing associated with listing a deal of less than £250,000 may make the borrowing costs unattractive.
“We’re seeing lots of good deals and expect that to continue,” Steve Robson, managing director of CapitalStackers, told Peer2Peer Finance News earlier this summer.
“Apart from certain localised pockets, the property market is strong and we believe there will continue to be good opportunities for the right products in the right locations.”