VAT lending skilled Peter Bloom has stepped down from his position as a director of Proplend.
Bloom was appointed in August 2021 when the peer-to-peer industrial property lending platform launched its industrial property VAT loans.
Proplend stated on the time that Bloom would help in launching and rising the platform’s new VAT lending product and contribute to the broader ongoing technique of the enterprise.
Bloom co-founded BloomSmiths in 2015 – one of many first specialist VAT lending firms within the UK.
“Peter’s 30 years of economic property expertise mixed along with his visionary VAT lending data, is a really welcome addition to our small and entrepreneurial group,” chief govt and founder Brian Bartaby stated on the time.
Bloom’s position as director was terminated on 28 February, in accordance with paperwork filed with Corporations Home.
Bartaby has been contacted for remark.
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Proplend has been busy of late, having introduced its greatest ever month for lending in November, each when it comes to quantity and variety of loans.
Its investor e-newsletter stated it had 5 loans repay in November, bringing its year-to-date whole to twenty-eight loans, repaying £24.3m.
Of a complete of 72 energetic loans, Proplend stated 5 loans have been repaid and 4 have been previous time period, whereas out of a complete of 68 industrial mortgages, it has 4 repaid and two previous time period. Of 4 industrial and VAT bridges, one has been repaid and two are previous time period.
Proplend has funded greater than £168m of loans since launching in 2014.
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