Proplend

Proplend Limited is a UK platform facilitating peer-to-peer lending secured against commercial property in England and Wales. Founded in 2014 and led by CEO Brian Bartaby, the firm is directly authorised and regulated by the FCA under FRN 726646 and is HMRC-authorised to offer Innovative Finance ISAs (IFISAs).

The platform displays differing aggregate statistics across its pages (e.g. "£285m loans funded" alongside "£247m loans funded" elsewhere) and highlights "£32m+ interest paid" — these inconsistent figures appear on Proplend's own site and should be treated as reporting snapshots rather than a reconciled AUM metric.

Proplend originates commercial-property loans, conducts due diligence and lists loan parts for investors to purchase. Loans are generally senior-secured by a first legal charge on the property and are structured in up to three LTV-based tranches — Tranche A (≤50% LTV), Tranche B (51-65% LTV) and Tranche C (66-75% LTV). Investors can pick loan parts manually or use auto-invest for eligible tranches.

Interest is typically paid monthly from rental income on the underlying property, with the Lender Fee deducted before crediting lender accounts. Uninvested client money is held in a segregated client account (Barclays) under FCA Client Money rules; FSCS may apply to cash balances subject to standard limits, but amounts invested into loan parts are not FSCS-protected.

Commercial property-secured lending (term, bridge and VAT loans), typically sub-£5m, structured into the A/B/C LTV tranches above. Minimum investment is £1,000 per loan part.

Site-reported historical figures include an "average net return over 7 years" of 8.29% and tranche-level average annual interest rates (after fees, before bad debt and tax) of 6.05% (A), 7.87% (B) and 9.81% (C), with the AIR snapshot labelled to 31 December 2022. Lender fee is 10% of gross interest; the Proplend Loan Exchange (PLE) charges 0.5% of outstanding face value on loan sales (£5 min); IFISA opening and transfers in are free, with a £35 admin fee for multiple ISA transfers out in the same calendar month.

Aimed at individual and corporate investors seeking regular monthly income from commercial property-backed loans and comfortable with the higher risk profile of P2P lending. The FCA classifies loan-based platforms as higher-risk — capital is at risk and loan parts are not FSCS-protected — so suitable investors are those who can bear losses, value income, and accept liquidity limitations (early exit depends on the PLE secondary market). IFISA, SIPP and SSAS wrappers are supported subject to provider rules.