LendInvest, a London, UK-based online marketplace for property finance, has agreed a warehouse financing facility with global financial services provider Macquarie for an initial amount of £40m.
The facility, the company’s fourth bank funding line which brought total investment to over £230m, will allow LendInvest to continue its growth and consolidate its position in the UK short-term mortgage market.
The financing can be increased over time.
Founded by Christian Faes and Ian Thomas in 2013, LendInvest is an online marketplace for short-term property lending and investing, which has originated over £610m of property loans to landlords and developers. LendInvest borrowers have bought, built or refurbished 2,200 UK properties worth £900 million. Authorized and regulated by the Financial Conduct Authority and in June 2015, LendInvest had £3.1 million in profits for FY 2015.
In addition to raising £230m of institutional funds to lend against mortgage loans, LendInvest has recently closed two equity investment rounds. In June 2015, Beijing Kunlun, the listed Chinese technology company, invested £22m ($34m), followed by global venture capital firm Atomico, which invested £17m ($25m) in March 2016.
FinSMEs
29/04/2016