LONDON, February 9, 2016 /PRNewswire/ --
Niche platform launches £1.8 million aircraft loan, a first for peer lending
Ablrate, the marketplace lender who specialises in asset backed transactions, today announces the launch of its largest aircraft loan so far, which begins the flow of a large pipeline to the platform.
The company has filled £4 million in loans since inception from aircraft to service tribes in Papua, to bottling plants in Lancashire. 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: "We completed a Cessna Caravan EX loan for £1.3 million last year, this one tops that at £1.8 million and is an indication of the increase in loans that we are bringing to the platform in 2016. With new institutional support and an amazing group of retail investors we are looking forward to topping this loan very soon."
This comes after the death of Mr Bradley-Ward's business partner who was a co-founder of the company. "Tony was a business partner and a dear friend who is succeed by his son Mark, and this is just the first loan in the plans we made to make Ablrate the defacto platform for those raising money in the regional aircraft and capital equipment financing space. Tony would have loved the buzz of getting this done. We created a system to develop £100 million + per annum in loans in our space and this year we are able to start that process, and it's fitting that Tony's son will be joining us on that journey."
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.
The Directors of the Issuer accept responsibility for the contents of this announcement.