Lord Stanley Fink, or the “godfather of the hedge fund industry,” has recently invested £7m in British Pearl, a proptech investment platform.
The platform claims to be the first to offer debt and equity investments in individual property deals “in one place”.
British Pearl’s model encourages investors to split investments between fractional equity ownership of property and to act as mortgage lenders in their own right. Investors are able to own shares in a property company managed by the platform, entitling them to a share of rental income from the company owned assets. Or investors can become loan providers themselves paying into a standalone property owning company managed by British Pearl.
For equity investors, there is increased protection since each property is ring-fenced in a standalone holding company, separate from the liabilities of other investments and British Pearl itself.
The company offers property loans at 50-70% loan-to-value. British Pearl’s tax-free interest on UK property loans is currently running at up to 4.4% per year, after all fees.
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