The peer-to-business (P2B) secured property lending platform hopes to expand its growing business by providing fast-tracked debt funding to experienced property investors and developers on investment grade property transactions.
The funding comes after Credit Peers launched its loan-based P2B platform offering property transactions to the public, which had previously only been available to institutions and banks.
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“We are thrilled to receive this credit line that should help us to accelerate the company into its next stage of growth,” said Romain Cohen, chief investment officer at Credit Peers.
Credit Peers aims to significantly speed up the process of property financing compared with the traditional model.
“Being able to secure such a financing supports our ability to originate attractive opportunities for institutional investors and family offices,” added Torsten Hartmann, CEO of Credit Peers.
Credit Peers is currently offering lending opportunities on projects such as an office building in Newcastle-under-Lyme and a commercial site which forms part of a larger redevelopment in Stratford, east London.