Partner Article

Peer-to-business property loan platform helmed by Credit Suisse and Goldman execs launches today

A new peer-to-business (P2B) lending platform has launched today giving investors the chance to lend to big-name property firms and developers.

London-based Credit Peers allows individuals to lend from £500 to professional developers and real estate investors looking to finance their property developments, in turn giving them more ready access to cash.

Offering investors rates of between 5% and 10%, the FinTech firm claims that its strict lending criteria, which dictates that borrowers must be investing 15% of their own equity into their projects amongst other due diligence checks, helps to ensure lender investments remain secure.

Founded in 2015, the company is helmed by a team of five financing experts who between them have over 100 years of experience at firms including Credit Suisse and Goldman Sachs.

Torsten Hartmann, Chief Executive Officer of Credit Peers, commented: “Credit Peers deals with all types of property from multi-residential to office and retail, and accepts individual lenders, but we only deal with a special type of borrower.

“This is what sets us apart from the P2P lending market. We are passionate about the importance of P2B as a way to offer the public additional peace of mind that their loans are made to well-established borrowers in the property market.

“Our extensive experience in the sector means that we are perfectly placed to be able to facilitate the P2B lending revolution.”

Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →