LendInvest, the world's largest peer-to-peer marketplace for real estate mortgages, received global coverage at the time of the £4.1 million loan back in January this year.

The loan was completed after the borrower, who has a long-standing relationship with LendInvest's affiliate business Montello, required the funding after being let down by a high street lender.

LendInvest's loan allowed the developer to acquire the commercial building in South East London while certain planning issues were worked through. 

The project, which is known as Green Dragon House, will facilitate over 120 new flats for the area, providing much needed new affordable housing in London.

The investors were paid a net return of six per cent for the six months in which their money was invested in the loan – therefore 12 per cent pa.

It has been revealed by the peer-to-peer lender that the loan has now been repaid through financing arranged by John Kerrigan from Mayfair-based brokerage, Arc & Co. 

Commenting on the repaid loan, Christian Faes, Co-Founder of LendInvest, said: "As with any loan, it can only really be characterised as a good loan, when it is repaid.

"We are experienced lenders, and we have what we believe is the best deal-flow and underwriting experience in the secured P2P market.”

Christian added: "While some platforms are starting to see some hefty defaults and investor losses, LendInvest is able to exploit its experience and track record as a lender. Unfortunately, some platforms are going to learn that it is easy to lend money, the hard part is doing sound loans that get repaid."