Post by roxanamohammadian on Jul 19, 2021 8:07:53 GMT
Good Morning everyone,
I hope you are all well.
Q2 was a fantastic quarter at Blend Network.
In June, we listed and funded 3 loans, that will help fund the construction of 40 residential units in total across East Sussex, Northamptonshire, and Dorset. Overall, the loans we funded in Q2 will help with the construction of 69 much-needed residential units and two 6-bed HMOs in seven different locations across the UK. We also agreed funding for our largest-ever project, a £3,460,000 total net facility. The first tranche of this facility, a £1,100,000 loan, was funded by 279 investors on the 1st June.
In Q2, a total of 1,052 registered Blend Network investors lent of our loans. In June alone, close to 600 lenders got the chance to lend on the loans we listed.
We would like to thank the members of this forum for their support in what’s been a very exciting first-half of the year at Blend Network, and look forward to keeping this momentum.
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