Credit Peers, a London, UK-based peer-to-business (P2B) secured property lending platform, secured a credit line of £45m.
An undisclosed European investment management firm provided the facility.
The financing should allow Credit Peers to expand its business.
Led by Torsten Hartmann, CEO, and Romain Cohen, CIO, Credit Peers provides a loan-based P2B platform offering fast-tracked debt funding to experienced property investors and developers on investment grade property transactions across the UK.
The platform allows people to lend money in two different ways. Lenders can put their funds towards financing a specific property asset, selected from the loan opportunities on the Credit Peers website, or they can opt for the auto-match product. The auto-match product allows lenders to select the type of property transaction they want their funds to be allocated to, against a set of criteria.
Funds are then assigned to the next available loan that meets these criteria. Every pound loaned is secured against a legal charge on the property.
Credit Peers Limited is an Appointed Representative of Resolution Compliance Limited which is authorised and regulated by the Financial Conduct Authority (No. 574048)