If you would like to earn much higher than bank rate on your savings in 2014 then you may want to know that Lendy Marine has recently launched Saving Stream, a new investment platform offering guaranteed fixed returns of 12%pa.
Investors allocate funds against existing loans on that are secured against super yacht assets, and their like, that the lender holds in its possession.
Types of assets vary and include:
- Boats
- Superyachts
- Prestige Cars
- Aircraft
- Helicopters
All assets used as security are valued by professional surveyors fully qualified in their field and indemnified against rogue valuations.
Any funds allocated will earn the investor 12%pa calculated at a daily rate for the length of time of the loan.
Lendy only lends 50% of the value of the asset we hold. Valuations are conducted by independent indemnified surveyors.
If a borrower defaults Lendy simply sells the asset to recover investor’s capital plus interest owed.
So how does it work?
Lendy Ltd t/a Saving Stream charges fees to borrowers when they take the loan and makes its profit from the difference in interest rate that is charged to its borrowers and the rate that it pays it’s investors. Lendy typically lend to borrowers at 4% per month and borrow money from investors at 1% a month.
This margin may seem excessive however the overheads of a) finding such borrowers and b) ensuring the security of an asset such as a superyacht are costly and therefore demands this margin.