An industrial waste management facility was given a new lease of life after being purchased by a Yorkshire entrepreneur and financed by our lenders.
The facility is the most sophisticated waste management facility in Europe. Ablrate lenders loaned £2.33 million against £7 million of security and are enjoying 14% per annum.
Built in Italy in 1999, the vessel underwent substantial refurbishment in 2016 at the cost of £200,000. Valued at £635,000 our borrowers required £425,000 to complete the purchase.
The funds were raised within a week and our members are currently enjoying 14% per year on the loan secured against the vessel, the company that owns it and guarantees.
Ablrate lenders loaned £1.85 million against an ATR 42-500 aircraft valued at £3.3 million. This loan was the biggest in p2p history for an aircraft.
The loan was for 6 months at 13% (annualised) and extended with a penalty rate of 17% being applied. The loan completed in September 2016 with all capital and interest paid. The aircraft was sold to parts company.
Ablrate lenders loaned £750,000 to our borrower at 14% p.a who was funding the supplier of modular units to a well known UK film studio.
The studio is undergoing a £200 million refit and required modular units to re-house certain office facilities. Our borrower paid the loan back after 6 months having refinanced.
Our lenders loaned £450,000 for 9 months to the UK’s fastest growing water retail company.
Over 35% of customers that have switched since the English market deregulated in April ’17 chose our borrower as their preferred supplier. Our lenders are enjoying 14% per annum
An aviation company contacted us to finance a Falcon 50 business jet based in Geneva. The aircraft was to be broken up for its parts.
Our lenders loaned £320,000 to the company for 12 months and are enjoying 10% return secured against the parts and personal guarantees of the Swiss directors.
An existing borrower, a large leisure and entertainment company, required a total of £750,000 across two separate loan facilities secured against the same property.
The funds were required to finance the costs of acquiring the part freehold / part leasehold building of a thriving pub/restaurant as a going concern to add to the portfolio of pubs already held by the group company.
SEAB Energy hit the headlines recently while traveling with London Mayor Khan, as part of a business promotional trip to the USA. SEAB’s innovative ‘waste to energy’ technology went down a storm with multiple orders.
To help them get off the ground in their initial stages, Ablrate lenders loaned £250,000 against £400,000 of security at 12% which is being paid back on a monthly basis with half its term remaining.
A leading 40 year old UK company that makes and suppliers beer kegs wanted to build a bottling plant in Lancashire. They borrowed £116,000 to start the process, which was paid back within 7 months.
They borrowed a further £200,000 for the final equipment for the plant and are paying back capital and interest each month at 10% p.a.