IRELAND’S first property-backed peer-to-peer loan has been funded, which is also the country’s largest P2P loan to date.
Lenders on Initiative Ireland have raised €1.5m (£1.3m) for a loan to North Strand Five Lamps that will finance a social housing development in Dublin, consisting of 10 apartments and a ground floor cafe.
The P2P platform launched in October, offering investors returns of three to eight per cent.
http://www.p2pfinancenews.co.uk/2017/12/07/initiative-ireland-largest-p2p-loan/