RESHAPING PROPERTY FINANCE - Cita · 2019-05-15 · Online Peer to Peer timeline 2 2005 –Peer to...
Transcript of RESHAPING PROPERTY FINANCE - Cita · 2019-05-15 · Online Peer to Peer timeline 2 2005 –Peer to...
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RESHAPING PROPERTY FINANCE
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www.slideproject.com
Online Peer to Peer timeline
22
2005 – Peer to peer loans.
Zopa, UK, Lending Club,
US.
2008 – Reward Based
Crowdfunding –
Indiegogo, Kickstarter
2013 – Online marketplace for real
estate – Realty Mogul, LendInvest
2009 – Peer to
business. Funding
Circle, OnDeck
2018 – Property
Bridges
2013 – LinkedFinance
SME Lending – €90m
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LOW YIELD
ENVIRONMENT
TECH
DISRUPTION
ANTI BANK
SENTIMENT
AND RISE OF
SOCIAL
INVESTING
BANKS HAVE
STOPPED
LENDING
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1. BACKED BY PHYSICAL ASSET
2. HIGH RETURNS
3. PROVIDES DIRECT ACCESS
4. INVESTOR DISCRETION
5. TRANSPARENT
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Enquiry & Initial
AssessmentTerm Sheet
Due Diligence
Legal and
Security
Drawdown and
Ongoing
Monitoring
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• INVESTMENT SOFTWARE
• E-PAYMENTS SOLUTION
• E-SIGNATURE
• CLIENT ONBOARDING
• ONLINE PAYMENTS
• ONLINE LOAN APPLICATION
• KYC / AML
• TRANSACTION RECORDING
• LIVE DASHBOARD
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LENDER
BORROWERINCREASED SPEED
COST EFFECTIVE
FLEXIBLE
ACCESSIBILITY
DIVERSIFICATION
MANAGE INVESTMENTS ONLINE
REAL TIME DASHBOARD
PENSION INVESTING
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2,000
Registered Lenders New Homes
10,000
1,000
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• STREAMLINING / AUTOMATE OF
THE LOAN PROCESS
• ONLINE CALCULATORS AND
TOOLS – REAL TIME QUOTES
• EFFICIENT ALLOCATION OF
CAPITAL
• INTEGRATING DATA INTO THE
LOAN DECISION PROCESS
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DAVID JELLY James Twomey
LK SHIELDS
CEO Head of Lending
Law FirmLEGAL
KATIPULT
TECHNOLOGY
Marc Rafferty
Head of PR &
Marketing
MANGOPAY
ePayments
Provider
OCFPM
Project Due
Diligence
NDRC & EI
Shareholders and
Growth Partners
Shane Conroy
Graphic Designer
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€1.7m2,000SHORT TERM
BTL
Registered Lenders Funds Raised 2021
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We currently only consider loans that meet the following criteria:
• Development Funding post acquisition with max LTGDV 65% & LTC 75%
• Full Valid Planning Permission in place
• There is a clear exit from the project, ie sale off plan or open market, or a secured refinance
• First Charge Security – ie no other lenders or loans active on the asset
• The Borrower is not a private individual and there is no family home in the security
• Bridging – in some cases, we will consider a portion of bridging as a precursor to
development
• Currently reviewing initial information in order to issue terms on 5/6 projects.
• We have turned down funding on 5/6 projects to date, based on LTV/LTC being too high
(inadequate equity), lack of proper experience/expertise and unrealistic sales assumptions.
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• SHORT TERM
BRIDGING – 30 YEAR
MORTGAGE
• £100M ONLINE
PLATFORM
• £480M BANKS AND
INSTITUTIONAL
• IPO 2020?
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1931
EMPIRE
STATE
BUILDING
2012
BD BACATA