LendInvest lends GBP83m to property investors in record December for loan originations
LendInvest, an online marketplace platform for property finance and investing, lent GBP83 million to professional property investors, developers and landlords in December 2018, marking the business’ best month on record.
The company’s record-breaking loan origination for December was bolstered by a number of key product changes for its Buy-to-Let and Bridging products in the last quarter of the year, and a string of hires across all teams on the lending side of the business, with 13 new hires in the Buy-to-Let team alone in 2018.
The lender continues to ramp up its recruitment drive in the new year, with vacancies currently open in underwriting and BDM roles to manage a high level of loan applications.
LendInvest secured further significant capital investment throughout the year to meet the increasing demand for property loans, including launching a second Retail Bond on the London Stock Exchange; followed by the close of a GBP150 million funding deal with Nomura, Asia’s global investment bank, and Magnetar, the multi-strategy alternative investment manager.
Ian Thomas, Co-founder and Chief Investment Officer at LendInvest, says: “In what was a short month in terms of business days, we have achieved a fantastic new record of loan originations for the business. This year the team have truly gone above and beyond in ensuring we are delivering the finance our borrowers need, at speed - our focus now is keeping this momentum going into 2019.”
LendInvest has now lent a total of over GBP1.7 billion to property investors and developers. These professionals buy, build and renovate thousands of new or improved properties all over the UK, helping to replenish the underserved housing market with essential stock for sale and rent.