LendInvest secures over 10% of bridging market share

LendInvest secures over 10% of bridging market share




LendInvest said it has secured over 10% of the £3bn UK bridging finance market. .

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p>LendInvest said it has secured over 10% of the £3bn UK bridging finance market.

The news comes as the lender revealed that it has moved to new offices in Fitzrovia to accommodate its rapidly expanding team which has grown from under 30 to over 70 full-time employees in the past year.

Reflecting on the past year, LendInvest said it had lent £250m to property entrepreneurs and funded over 1,200 homes.

It also launched into development finance where it will lend up to £7m, and up to 65% GDV or 90% cost.

Christian Faes, Co-founder and CEO of LendInvest, said 2015 had been a transformative year for the business.

“All our target customers are really starting to look at non-bank lending through realistic, serious eyes,” said Christian. 

“Our solid lending and investment figures show a growing awareness and willingness by borrowers and brokers to detach from the banks and work with funding partners who make sense for them.

“I can’t wait to get back to business in the New Year with our expanded team in our brand new offices, and 2016 shows every sign of being an excellent year.”

LendInvest’s new address is:

LendInvest
8 Mortimer Street
London
W1T 3JJ
 

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