Our history


Key Investor Information


Lighthouse sources, co-ordinates completion of and thereafter, administers loans - connecting Investors with prospective Borrowers - and provides a platform for the payment and collection of monies due under the loans it arranges.

As a the holder of an unrestricted trust license, Lighthouse is authorised by the TCI Financial Services Commission (“FSC”) to conduct the activity of operating such a platform in relation to lending (commonly known as peer-to-peer - or p2p - lending).

Lighthouse is committed to full transparency and openness in all its operations and communications. It seeks to ensure that Investors who participate in loans via the Lighthouse platform have access to all the information they need make informed decisions whether or not to participate in a particular loan opportunity to a prospective Borrower.

Lighthouse does not provide financial, legal, tax or other advice to Investors or to Borrowers nor provide any assurance as to the suitability of a loan to their financial situation.

Lenders should therefore review the following, together with the Lender Terms & Conditions and (separate) Risk Warning.


p2p agreements


Trust agreement

Prior to participating in a loan, an Investor will enter into a written trust arrangement with Lighthouse.


Loan agreement

As Lender of record, “Lighthouse Capital as Trustee” will then enter into the Loan Agreement with the relevant Borrower – notwithstanding which, Investors’ capital is at risk if a Borrower is unable to repay and it’s important Lenders are aware that the non-repayment of loans is not protected by any government compensation scheme in TCI (such as the Financial Services Compensation Scheme in the UK).


Loan types

Loans arranged by Lighthouse are asset-backed loans, generally applied by the Borrower in the acquisition, development or renovation of real property in TCI or for bridging purposes. Each loan benefits from security, the form of which varies from loan to loan but will typically comprise a first-ranking registered charge on the relevant property and, in the case of loans to companies, personal guarantees of directors and/or shareholders, a legal charge over the share capital of the Borrower and a floating debenture granted by the Borrower over all its assets.


Security trustee

Security is held by Lighthouse in trust for the relevant Investor under each Loan agreement - thus ensuring that in the (unlikely) event of Lighthouse’s insolvency or winding-up, the relevant properties are treated and accounted for as segregated assets being held for Investors and not available to creditors, if any, of Lighthouse.

  • Trust Agreement: Prior to participating in a loan, an Investor will enter into a written trust arrangement with Lighthouse.

  • Loan Agreement: As Lender of record, “Lighthouse Capital as Trustee” will then enter into the Loan Agreement with the relevant Borrower – notwithstanding which, Investors’ capital is at risk if a Borrower is unable to repay and it’s important Lenders are aware that the non-repayment of loans is not protected by any government compensation scheme in TCI (such as the Financial Services Compensation Scheme in the UK).

  • Loan Types: Loans arranged by Lighthouse are asset-backed loans, generally applied by the Borrower in the acquisition, development or renovation of real property in TCI or for bridging purposes. Each loan benefits from security, the form of which varies from loan to loan but will typically comprise a first-ranking registered charge on the relevant property and, in the case of loans to companies, personal guarantees of directors and/or shareholders, a legal charge over the share capital of the Borrower and a floating debenture granted by the Borrower over all its assets.

  • Security Trustee: Security is held by Lighthouse in trust for the relevant Investor under each Loan agreement - thus ensuring that in the (unlikely) event of Lighthouse’s insolvency or winding-up, the relevant properties are treated and accounted for as segregated assets being held for Investors and not available to creditors, if any, of Lighthouse.


Returns

Loan information, including the amount, its term and interest details including when interest is payable, the interest rate payable by the Borrower and the interest rate due to Investors is all readily available to respective parties. The interest rate due to Investors is the projected rate only and does not consider potential defaults or any tax which an Investor may be liable to pay, both of which could materially (and negatively) impact actual return earned by the Investor.


Loan pricing

The price of a loan, which is reflected in the relevant Borrower and Lender interest rates, is determined by the Credit Committee. Lighthouse retains any difference between the interest rate payable by the Borrower and that due to the Lender and charges Borrowers commitment and arrangement fees (calculated as a percentage of the loan amount) some of which may be shared with introducers or other third parties. In certain instances, Borrowers may also be required pay an exit fee to Lighthouse on final repayment of the loan.


Performance information

Information about anticipated and actual default rates - including the relevant assumptions used - is available to Lenders and is based on loan performance during the previous financial (generally calendar) year.


Our history



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