The new bond offering is part of the investment platform’s 12-month programme to raise the funds which will also be used to support small businesses that want to develop their premises, such as pubs and care homes.
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As of June 2018, Downing Crowd said that £38m worth of loans had already been committed from this loan book as well as an expected pipeline of further property loans totalling over £24m.
The investment platform recently backed Cornwell Construction with a £5.1m loan to support the delivery of an affordably priced housing scheme.
The bond offer will give investors a choice of two fixed rates either paying 4.5% pa for investing until August 2019, or 5.5% pa until 2020.