Six months in. Three operations funded, $28,043.03 USDC distributed to bondholders, and a fourth in the pipeline.
In our effort toward total transparency, this article is the first of "Lend's operations update" that is meant to provide bondholders and community members with latest news regarding our Real Estate operations.
Op. 1 | Datacenter, Saint-Herblain
9% APR · €500,000 raised · Funded February 2026The datacenter has been operational since 2008, same tenant for 15+ years, lease locked in for another 9. The operation is running as expected. It generates rent like clockwork, pays its interest to Lend quarterly, and we redistribute it to bondholders every week.Since the first distribution on February, a total of $18,953.93 USDC has been paid out on this operation alone.View operation
Op. 2 | Commercial Units, Vouziers
12.5% APR · €364,250 raised · Funded April 2026This one is ahead of schedule. The strategy here was always a buy-and-resell: two adjoining buildings acquired for €280,000, one occupied by La Poste on a 9-year lease renewed in December 2025, the second vacant.We've now formally separated the two buildings as distinct legal assets, which allows us to sell them independently and maximize value. We've already received offers on the La Poste building and are currently reviewing them to identify the most serious buyer. La Poste continues to pay its rent quarterly, which covers the bulk of interest payments during the holding period.We expect to close this operation successfully before the initial 12-24 month deadline.Since funding, $8,145.93 USDC has been distributed to bondholders.View operation
Op. 3 | Residential Redevelopment, Conflans-Sainte-Honorine
10% APR · €744,040 raised · Funded June 2026Our largest raise to date. The operation just closed and today we're signing the acquisition at the notary. The building is officially ours.Demolition crews are already on site. The redevelopment works begin immediately. We'll be sharing photos and progress updates directly in the operation's update section on the app as the project moves forward.First distributions are already running. $944.17 USDC paid out since funding.View operation
What's next | Op. 4 (and 5)
Two new operations are currently in due diligence. Both have passed our internal selection. We'll announce them publicly soon.Target return is around 10% APR. If you want to pre-commit before the public launch, reach out directly or book a call below. Pre-commits get priority allocation.Book a call · Contact us