LONDON, February 24, 2016 /PRNewswire/ --
Niche platform raises £1.8 million aircraft loan
Ablrate, the marketplace lender who specialises in asset-backed transactions, today announces its largest aircraft loan so far has reached its £1.8 million target within 13 days.
This takes the total loans since inception to £6 million, with £4 million of that being completed in the last 4 months. The p2p industry has created billions of pounds of origination of loans in various niches with Ablrate servicing a £50 billion + addressable market in regional aircraft and other asset backed loans.
David Bradley-Ward, CEO at Ablrate, said: "Our customers were very keen on this loan, so much so we had to extend it by a small amount in order to accommodate some lenders who had missed out. We make the risks in our transactions very clear and all investors should assess the potential capital and interest risk before investing, so this is an good indication of the confidence which our customers place in Ablrate and our transactions and we are very appreciative of their business."
Ablrate has started 2016 off with this transaction and some small capital equipment loans, but intends to begin feeding in more loans to take it to £10 million in completed loans before the summer. Bradley-Ward added: "This loan has attracted a wave of new lenders eager to invest further and we have a number of transactions we are reviewing which will take us through £7 million shortly, add this to the potential investments brewing from institutional investors and Ablrate is looking good for 2016."
For more information on Ablrate's investing opportunities please visit http://www.ablrate.com
Ablrate is a pioneer in asset backed lending against high-quality assets and the first peer lending platform in the world to give investors access to aircraft transactions. Through our unique online investment platform, we enable individuals and businesses to manage their own financial risk and returns, disintermediating and removing the cost of the middleman. Investors have full visibility of the asset they are investing in, but also of the potential risk exposure they are taking on. Ablrate gives investors access to exciting and unique investment opportunities ranging from the highly regulated aircraft leasing space to capital equipment transactions that provide investors with good security and higher returns. Investors should be aware that their capital is at risk.
The Directors of the Issuer accept responsibility for the contents of this announcement.
PR & Marketing Manager