The new fund will continue the investment strategy of the firm’s previous flagship fund, which focused on short-term transactional loans and development loans supporting property professionals in the UK.

According to LendInvest, investors in the new fund will benefit from improved headline terms and structure once it hits the market.

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Omega Poole, head of funds management at LendInvest, commented: “Over the last couple of years we have proactively solicited feedback from our existing investors and the wider market, and looked to design a fund which is attractive and competitive in today’s market.

“To have more than £200m of capital already committed is fantastic, and the successful launch of this new flagship fund demonstrates that our investment strategy continues to appeal to a wide range of investors seeking to finance UK housing on a senior secured whole-loan basis."