Rebecca Wayman

LendInvest raises £150m worth of residential development funding with Nomura and Magnetar

LendInvest, an online platform for property finance and investing, has secured £150m of initial funding from Nomura, Asia’s global investment bank, and Magnetar, the multi-strategy alternative investment manager.

LendInvest will use the funding for residential development finance, to grow and consolidate its position as the lender of choice for property entrepreneurs.

Nomura and Magnetar now join a range of institutional investors investing in LendInvest’s secured property loans, including Merseyside Pension Fund, a UK-listed fund manager, Citigroup and a number of other banks which include a UK challenger bank.

This funding brings LendInvest’s total capital for lending to approximately £1bn.

LendInvest’s development finance caters for small-scale property development projects, with loans available to experienced property developers seeking finance to build residential properties in the UK for periods of up to 30 months.

In addition to development finance, LendInvest offers bridging and buy-to-let finance. To date, LendInvest’s investors have funded over £1.5bn of loans to help borrowers buy, build or renovate over 5,000 homes across the UK.

Christian Faes, co-founder & CEO of LendInvest, commented: “LendInvest continues to attract investment from some of the largest and most sophisticated investors globally to our platform.

“Development Finance is a key product for us as it complements our dominant position in short-term mortgages, and our expanding Buy-to-Let product, further establishing LendInvest as the ‘one-stop-shop’ for property entrepreneurs.

“This funding joint venture with Nomura and Magnetar will allow us to continue to grow our development finance product, and to provide much needed funding for SME house-builders across the country.”

Aidan McKeown, who headed the London-based deal team at Magnetar Capital, added: “We are delighted to partner with LendInvest and their team as they continue to build a robust and agile lending platform that supports SME housebuilders across the UK.

“We look forward to our partnership which will help LendInvest to grow its programme.”

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