United Kingdom-based P2B secured property lending platform Credit Peers has secured a £45 million credit line from an unnamed European investment management firm. The funds are earmarked for increased lending capacity.
Launched earlier this year, Credit Peers offers property transactions to the public which were previously limited to banks and institutions. Investors can direct their funds to specific properties or trust an auto-match system to direct their funds based on selected criteria. All loans are secured against a legal charge on the property.