LendInvest eyes move into mainstream mortgage market
LendInvest has secured a £40 million funding line from Macquarie, which will be dedicated to bridging and buy-to-let loans.
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The Macquarie facility is LendInvest’s fourth bank funding line and increases LendInvest’s total institutional funding to over £230 million.
Christian Faes, Co-Founder & CEO of LendInvest, said that by "welcoming another significant institution and funding line to our business, we are putting in place the foundations for a very scalable move into longer duration lending and ultimately the mainstream UK mortgage market".
He added:
“Macquarie is a leading global financial institution with a proven deep knowledge of the UK mortgage market. We look forward to working with the Macquarie team as we expand our product range with longer term loans that are attractive to them and other capital markets investors. This warehousing line will assist us as we move towards being able to securitise our assets for institutional investors.”
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