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Video shows six brand new social housing units in Mooncoin, Co. Kilkenny

Sian Moloughney

Reporter:

Sian Moloughney

Email:

sian.moloughney@kilkennypeople.ie

A fascinating video showing the construction of six new houses in Co. Kilkenny has been unveiled by developers.

Propertybridges.com, Ireland's new peer to peer lender to the property development marketplace, just launched it's second loan on the platform to complete six  brand new social housing units in Mooncoin.

The Mooncoin project consists of a €620,000 development loan to a local private developer in support of building six new houses for Kilkenny County Council. These is made up of two adjacent sites in Mooncoin, and consist of six, three bedroom, semi-detached homes.

The site is purchased, and construction works are well under way and houses approaching half way point of completion. With firm commitment from the local authorities to buy the homes when completed and a good return for lenders of 7.5%, this proves another ideal project for the Propertybridges.com platform.

PropertyBridges.com who plan to lend across the country to 100 plus housing development projects, totaling over €100 million in lending with support of over 10,000 Irish citizens lending on the platform in the next three years. The average loan size will be approx. €1.1 million and lenders can lend into each loan from as little as €500 up to a maximum of €100,000 and will return on average approx. 8%+. The public's money will work alongside and in conjunction with institutional and private investment funds.

You can learn more about PropertyBridges.com here.