CommunityLend blog

To ensure that we are doing everything possible to encourage new lenders to join our unique online lending system, we are extending our special offer for Lenders until July 31^st, 2010. So from now until July 31^st, 2010, CommunityLend will be continuing to waive* fees for Lenders who are active in Loan Requests.  Specifically:

• We will rebate back our Lender Annual Adminstration Fee for all closed Loans in which a Lender participates by July 31^st, 2010 for a subsequent period of 6 months from the closing date of each Loan. (full details below)

Just follow this link to get started now!

- The CommunityLend Team

_________________________________

*Terms and Conditions for Fee Rebate Offer:

Lender Offer:
CommunityLend will rebate our Lender Annual Adminstration Fee to any registered lenders for all closed Loans in which a Lender participates before midnight July 31, 2010 for a subsequent period of 6 months from the closing date of each Loan.

Terms and Conditions:

1. This Offer applies to all existing and new Lenders who make successful Loans in the CommunityLend online lending system before midnight July 31, 2010.
2. Only funds credited AND disbursed in approved loans within the offer period will be eligible.
3. Funds loaned may include existing funds in a Lender’s holding account with CommunityLend, on offer, in processing, or received as repayments from existing loans.
4. CommunityLend will continue to collect Lender Annual Adminstration Fee as outlined in the Lender Registration Agreement and then will rebate the lenders account on a monthly basis for a period of 6 months for each loan applicable under this program.
   • Example: A Lender participates in two Loans which close on May 15, 2010 for $1,000 each and one loan which closes on June 15, 2010 for $500. The Lender will be rebated their relevant Lender Annual Adminstration Fee for the first two loans on a monthly basis for 6 full months from May 15, 2010 and for the second loan on a monthly basis for 6 full months from June 15, 2010.
5. Lender Annual Adminstration Fee rebates will be credited to eligible Lender accounts within 15 days of the Lender Fee being withdrawn from the Lender account every month.
6. CommunityLend reserves the right to amend, withdraw or extend any or all elements of this promotion at any time, without prior notice.
7. This offer cannot be combined with any other offer, promotion, discount or scheme offered by CommunityLend or any other body.