Re-Lender is the first lending crowdfunding platform dedicated to industrial, ecological, real estate, and technological reconversion.
Since July 2019, RE-Lender has supported 35 Italian companies, raising €35,012,700 to fund 139 projects, or more than two projects every month. So far, 48 of the 139 projects launched and financed have been repaid, amounting to €12,637,500. The average interest of the transactions has been 8%.
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Lending crowdfunding is dedicated to redevelopment projects
The main driver of RE-Lender is reconversion. The projects that are posted on RE-Lender, in fact, concern exclusively companies that carry out industrial, ecological, and real estate reconversions. The goal is to link profitability to sustainable and technological transition, but also to reuse and redevelopment of buildings or brownfield sites.
For this reason, RE-Lender projects are selected and currently identified according to 6 categories: RE-CONVERT, RE-GREEN, RE-URBAN, RE-BUILD, RE-DIGITAL, RE-FINANCE, RE-THINK, RE-START.
The loan type is the so-called “bullet crowd” where interest is repaid monthly and principal on the project’s maturity date, or the “amortizing” type where interest and principal are paid monthly.
Published projects remunerate investors with a fixed interest rate stipulated in the contract with the applicant company, which means that the interest rate is not estimated and will not depend on the income earned from the conversion. The return of 8-10% is calculated according to the duration and risk of the project.
The “Re-Lender Score”
The platform has made the “RE-Lender Score” available to everyone to assess a business’s entry into the RE-Lender ecosystem in just a few clicks.
RE-Lender Score is a technological evaluation model developed in-house that analyzes 80 business parameters and returns a report in which, through comparison with the best Italian companies, as many as 150 indices divided between assets, liquidity and profitability are evaluated.
The report generated by the model is verified and used by the portal’s team of analysts to select the best companies to be proposed on the platform.
Diversified asset class
The most launched type of project, about 47 percent of total loans, is the RE-Start type, raising €12,021,700. At 27 percent, it is followed by the RE-Build type, raising €10,022,000.
With about 13 percent of the total projects, the RE-Urban typology raised €5,929,000, supporting urban redevelopment projects.
The remaining portion of the collection is divided among the other types, RE-Green, RE-Convert, and RE-Digital.
The prevalence of the South
Re-Lender support to enterprises of different types spans the entire peninsula. Southern Italy currently has 56 collection projects in Basilicata, 16 in Apulia, 6 in Campania, and 3 in Sicily.
Northern Italy, on the other hand, has 20 projects funded in Emilia-Romagna, Lombardy and Trentino-Alto Adige.
Finally, Central Italy has 36 projects, 32 in Lazio and 4 in Tuscany, ranging from artificial intelligence to finance to nautical design.
DISCLAIMER: This article was written by a third party contributor and does not reflect the opinion of Born2Invest, its management, staff or its associates. Please review our disclaimer for more information.
This article may include forward-looking statements. These forward-looking statements generally are identified by the words “believe,” “project,” “estimate,” “become,” “plan,” “will,” and similar expressions. These forward-looking statements involve known and unknown risks as well as uncertainties, including those discussed in the following cautionary statements and elsewhere in this article and on this site. Although the Company may believe that its expectations are based on reasonable assumptions, the actual results that the Company may achieve may differ materially from any forward-looking statements, which reflect the opinions of the management of the Company only as of the date hereof. Additionally, please make sure to read these important disclosures.
First published in Crowdfunding buzz, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.
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