Biggest Ever Peer to Peer Loan in Ireland Launched
Propertybridges.com, Ireland’s peer to peer lender to the property development marketplace, has launched its biggest loan so far – €750,000 to build two new housing development projects in County Waterford. The PropertyBridges.com plan is to lend across the country to over a 100 plus new housing development projects in the next three years with the help of the Irish public.
They will do this with the help of their planned 10,000 strong base of lenders. Lenders can lend into each loan from as little as €500 up to €100,000 or more and will return on average approx. 8%+.
The loan will help support the building of 12 new homes for County Waterford on two individual sites.
PropertyBridges.com plans on helping fund several new housing development projects in the Waterford area in the upcoming months. Currently ‘live’ on the platform is a development in Waterford that consists of a 750,000 property development loan to a well known local Waterford private construction firm and developer. This loan will help support the building of 12 new homes for County Waterford on two individual sites.
The sites are purchased and planning is in place. Onsite works has already started and some of the houses are due to be complete before end of 2019.
CAPTION:
PropertyBridges.com investor Marc Rafferty and CEO David Jelly with construction workers.
