Peer to peer lender lend Ireland has plans to raise € 60 m ( $ 70 million ) from its members in order to finance construction loans for 250 new family homes . Members , who will have a minimum investment size of € 10,000 , will have the ability to tailor their portfolio to reduce their risk appetite . investors will form part of a private equity syndicate in return for the issued loan and interest income , with returns of between 3.5 % and 7.5 % APR for committed funds .
Peer to peer lender Initiative Ireland has plans to raise €60m ($70m) from its members in order to finance construction loans for 250 new family homes. Members, who will have a minimum investment size of €10,000, will have the ability to tailor their portfolio to match their risk appetite. Members will form part of a private lending syndicate in return for the issued loan and interest income, with returns of between 3.5% and 7.5% APR for committed funds.