LendInvest

LendInvest grows lending capital base by 104%




LendInvest has reported that its lending capital base has grown by 104% to £765m (approximately $1.03bn), since the start of 2017.

The online marketplace platform for property finance is celebrating a record-breaking year for capital raising across its diversified investor base, which includes global banks, pension and infrastructure funds.

To date, LendInvest investors have used the platform to invest almost £1.2bn in secured property loans.

These loans are made to professional property investors and developers who have built, bought or renovated over 4,000 homes in the UK.

“Surpassing the $1bn mark for capital under management confirms LendInvest’s place as the UK’s leading online platform for stable, income-driven investments into UK real estate,” said Christian Faes, co-founder and CEO of LendInvest (pictured above).

Over the past year, LendInvest has recorded considerable investor demand across all four of its investment channels.

This included LendInvest launching its first secured bond on the London Stock Exchange in August, which raised £50m in its first issue from a combination of retail and institutional investors.

LendInvest has also secured multiple new commitments from major institutions, including Citigroup and the Merseyside Pension Fund.

The marketplace platform has also raised almost £100m of new capital for its discretionary fund, while its online investment platform has recorded strong investment inflows since being remodelled to target high-net-worth and professional investors.

“The demand for credit to back UK residential property projects consistently outweighs the supply, but banks and other traditional lenders continually fail to close that gap,” added Christian.

“As one of the UK’s leading non-bank lenders, we’re in a unique position to capitalise on the opportunity this creates for the benefit of all our investors.

“With a well-diversified lending capital base, 2018 looks promising for us and our investors.

“We’ll lend more than ever before across the country, helping to fund the creation of thousands more essential new and improved homes in dozens of the UK’s towns and cities.”

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