Over the past year, London based bridging lender Montello has officially soared past the quarter of a billion pound mark in lending .
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div>Over the past year, London based bridging lender Montello has officially soared past the quarter of a billion pound mark in lending.
Yesterday, it was revealed that the real estate lender has consistently been lending over £20 million each month in the BTL market, and its lending is growing quarter on quarter.
Christian Faes, Managing Director of Montello, commented: "We are definitely one of the most active lenders in the Buy-To-Let short-term bridging finance market.
“We now have seven different avenues for funding our loan book, and whilst short-term bridging finance is very much at the core of Montello is about, we have moved to become a mainstream real estate lender.”
Christian added: “We are seeing excellent in-flows to our Montello funds, and LendInvest is becoming extremely popular with investors. As a result, it is fair to say that we have a very healthy appetite for financing real estate transactions throughout England, and will continue to grow our loan book in this opportune environment."
At the end of 2013, Montello launched Montello Real Estate Opportunity Fund which was set up in Luxembourg with the international real estate giant CBRE.
The fund is being marketed globally with road shows throughout Asia, the Middle East and continental Europe, proving to be very popular with investors.
Last year also marked the launch of peer to peer platform, LendInvest. In its first year over £70 million worth of property transactions were funded . It is now receiving over £1 million each week in new investment onto the platform.
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