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".
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Published on: 29th October 2018
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