Aberystwyth loan redeemed

Published on August 18, 2016

We are pleased to report that the Aberystwyth Marina loan has been repaid. The borrower used the loan funded by Proplend investors to fund the purchase of the property, add value and then refinance as part of a larger corporate refinance with a more traditional High Street lender. Investors who participated in the loan received rates of between 7.6% – 11% pa.