LendInvest lends £83m in December

LendInvest lends £83m in December

LendInvest celebrated a record month in December after it lent £83m to professional property investors, developers and landlords.

The specialist lender’s record-breaking loan origination for the month was helped by a number of key product changes to its BTL and bridging ranges during the last quarter of 2018.

LendInvest also made several appointments across its teams on the lending side, with 13 new hires in the BTL team in 2018.

It hopes to ramp up its recruitment drive this year, with vacancies currently open in underwriting and BDM roles to manage the high level of loan applications.

LendInvest secured further significant capital investment throughout last year, including launching a second retail bond on the London Stock Exchange, followed by the close of a £150m funding deal with Nomura and Magnetar.

“In what was a short month in terms of business days, we have achieved a fantastic new record of loan originations for the business,” said Ian Thomas, co-founder and chief investment officer at LendInvest (pictured above).

“This year, the team [has] truly gone above and beyond in ensuring we are delivering the finance our borrowers need, at speed – our focus now is keeping this momentum going into 2019.”  

LendInvest has now lent a total of over £1.7bn to property investors and developers.

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