London FinTech company BLEND Network to become a one-stop shop for property developers looking to finance their projects

BLEND Network, the leading property investment platform specialising in providing development finance to experienced property developers outside London is pleased to announce that it has agreed a partnership with Aprao. The partnership will enhance its borrowers’ customer journey by streamlining the appraisal process and making the lending process faster.

Aprao is a young and ambitious PropTech company leading the way in property development appraisal with a cloud-based software that appraises sites 80% faster with its ground-breaking development appraisal tool. Blend Network is set to work with Aprao on streamlining and further enhancing its appraisal and lending process to continue delivering positive returns to its customers.

Aprao has been designed to improve consistency and efficiency in property. Through their feasibility and residual values reports, automated cash flow models, sensitivity analysis and financial appraisals, lenders are able to see the exact feasibility, risks and actual valuation of any given project.

BLEND Network is always looking to partner with innovative proptech companies that can improve its borrowers’ customer journey and the collaboration with Aprao comes in at a particularly exciting time for the firm. BLEND Network has recently agreed to fund what constitutes its largest loan so far, a £3,645,000 Gross Development Value (GDV) project in Stafford.

This follows other significant deals earlier this year, where BLEND Network completed the advance of £1.15 million in loans to allow two significant low-cost housing development projects in Norfolk to go ahead, located in Norwich and Great Yarmouth.

Since its official launch in January 2018, Blend Network has lent juts under £10m to 34 projects across the UK regions including Northern Ireland and Scotland.

Yann Murciano, CEO of BLEND Network, commented: “We are very excited to partner with Aprao to enhance our borrower’s customer journey. At Blend Network, our moto is You Build, we Fund as we focus on making your access to finance easier. Our partnership with Aprao further supports our borrowers by making the appraisal process as easy as possible”.

Daniel Norman, CEO of Aprao, commented: “BLEND Network is a leading platform that is making a positive impact in the property sector, helping to make real estate investment more accessible and also helping to address the UK housing crisis. We are excited to be working with such a forward thinking and innovative business as BLEND Network and helping them provide an even better service for their clients.”