The answer, my friend is blowing in the wind!
So we've just closed on our first wind turbine funding deal, and which is another great example of the flexibility that exists within Relendex and P2P funding.
The core aspects are similar to a pre-let development deal in that there is a secure, locked-in income stream after a construction phase that underpins the transaction. The attraction for a lender is that the income is in effect government backed for a 20-year period and with a good level of capital cover also it makes the 9% lender return very appealing. Despite this there are few mainstream funding options open to borrowers in this niche sector but they are ideal transactions for P2P platforms and with our new found knowledge and expertise we are hoping for more.
Another example, perhaps, of how the wind of change is blowing through secured real estate funding?