Peer2Peer Finance News – 7th Dec 2017

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.

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