Irish P2P property lender Property Bridges launches
by Startacus Admin
Property Bridges, Ireland's new peer to peer (P2P) lender to the property development marketplace, looks to link small building developers to ordinary investors.
Property Bridges, Ireland's new Peer to Peer lender to the Property Development marketplace, plans to re-energise the small development and construction industry in Ireland, by removing the monopoly of the banks, middle men, and ultra-wealthy individuals, turning to Irish citizens to provide the funds and investments for building and property projects to become funded.
The proptech startup will raise money for small developers, medium sized construction firms and private companies looking to develop housing and match them with thousands of lenders from the ordinary citizens of Ireland, with plans to lend across the country to 100 plus development projects, totaling over €100m in lending, with support of over 10,000 Irish citizens lending on the platform in the next 3 years.
Run by co-founders, David Jelly, Michael Fitzpatrick and Marc Rafferty, as well as several experienced property analysts and due diligence experts behind the scenes, Propery 
Bridges predicts the average loan size will be approx. €1.1M and lenders can lend into each loan from as little as €500 up to a maximum of €100,000 and will return on average approx. 8%+.
The founding team come with a wealth of experience.
David Jelly has over ten years’ experience in the finance sector in London and Ireland, supported by Michael Fitzpatrick with fifteen years involvement in property development finance also in Dublin and London while Marc Rafferty was one of the founding team and original investors in Ireland's biggest peer to peer business, Linkedfinance.com as well as another well-known business in Ireland, gocar.ie.
Co-founder David Jelly said:
"Globally there has been a huge shift to online investing but Ireland’s property market remains a traditional asset class that can be hard to access. We change that by allowing lenders to invest anywhere from as little as €500 to €100,000 in any one loan.
Whether you are a person with some savings sitting idle in an account or a high net worth individual looking to diversify your portfolio, Property Bridges provides a high yielding, secure alternative investment".
Interested in proptech? You might also want to read up on:
Wondrwall aims to give your smart home a brain
Six startups join Goldacre’s inaugural RElab accelerator programme
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Impressive cohort of 32 AI tech scaleups from across the UK are announced as participants in Tech Nation's Applied AI 3.0 growth programme
Tickets up for grabs for NI startups to attend leading Northern Ireland tech and business event Digital DNA 2021
The impressive cohort of leading late-stage tech companies taking part in Tech Nation's prestigious Future Fifty programme has now been revealed...
Emeka Ikechi, Director of Vanity Studios shares his insights on the importance of getting your social media imagery right and a few of the key things you should consider...
.png){kind=logo}
The lowdown on JustTip, the Dublin-based fintech startup that's developed an innovative solution to change the way we tip
Want to streamline your business protection? Here are 5 of the top SaaS tools that can help you do just that.
Got issues with equipment theft by employees in your office or workplace? These practical tips will help prevent just that.
.jpeg)
Ensuring your employees are safe in the workplace is a must. Here are a few of the best ways that you can do just that.
The lowdown on the innovative companies that have been accepted into Net Zero 2.0, the programme dedicated to supporting the UK’s most promising climate tech companies
.jpeg)
Digital advertising campaign not performing as you'd like? Gez McGuire, AI marketing expert and founder of Lead Accelerator, outlines some of the common issues and how to address them.
Published on: 29th October 2018
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Shutterstock Acquires Leading Creative Design Platform PicMonkey 10th Sep 2021 Shutterstock acquires PicMonkey to help expand its offering to small businesses, by providing additional tools to non-professionals to elevate their visual content
- Thermulon fundraise to support development of innovative thermal insulation product 8th Sep 2021 Thermulon launches CrowdCube campaign to help bring its innovative aerogel solution to the fast-growing global thermal insulation market.
- UK's Female Startup of the Year 2021 competition now open 3rd Sep 2021 Inspiring and ambitious female founders take note - Enterprise Nation's annual Female Startup of the Year competition is open for applications
- ECOncrete Secures $5 million+ Series A Funding 1st Sep 2021 Major funding boost for ECOncrete Tech to support development and growth of its innovative ecological marine construction solutions.
