PEER-TO-PEER property platform British Pearl is nearing its £2m crowdfunding target.
The lender – backed by former Conservative Party treasurer Lord Stanley Fink – has been looking to raise £2m on Seedrs, and has raised £1.9m as of 15 November.
Investments range from £35 to £800,000 from a single backer.
The British Pearl pitch promises to make property investment “affordable, easy and liquid.”
It said the platform is targeting the mass affluent who want better returns on their savings and investments.
The proceeds of the crowdfunding campaign will be put towards sales and marketing, its property department and professional services.
Read more: Navigating through the P2P property maze
The platform, fully authorised by the Financial Conduct Authority, lets investors put as little as £100 into a property development company as either a P2P loan or by taking some equity through crowdfunding.
Read more: How to do your own due diligence on a P2P property investment
P2P investors can receive a set rate of interest, paid monthly, and can earn returns tax-free in an Innovative Finance ISA.
Those using crowdfunding will earn dividends proportionate to their shareholding and will also get a share of any net sale proceeds.
Rental properties on the platform are set to last for five years and development projects for two but British Pearl also offers a secondary market so lenders can sell their holdings.