The milestone figure has been invested by more than 21,500 investors who have earned more than £40m in interest so far.
The P2P property lending platform – which surpassed £300m in lending in April last year – has funded hundreds of bridging and commercial property development loans since it launched in 2012.
These loans have supported residential developments, commercial property schemes and conversions.
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Liam Brooke, CEO at Lendy (pictured above), said that for some time it had been stepping in where big banks had neglected property developers.
“To pass the £400m barrier in a little over a year after reaching £300m is testament to the relationship we have with developers and the quality of the loans we provide.
“A combination of quick turnarounds for developers – coupled with good returns and excellent due diligence on properties for our investors – is helping Lendy grow at a healthy rate.”
Last week, the P2P platform released its Lendy Cowes Week preview video.
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