LendInvest posts record December with £83m lent to property investors
Property lending and investing platform LendInvest is celebrating after achieving its best month to date.
December saw the London-headquartered company lend £83m to professional property investors, developers and landlords.
LendInvest said the record loan origination figure was shored up by a number of key product changes for its buy-to-let and bridging products during Q4 2018, and a recruitment drive that saw it add 13 new faces to its buy-to-let team.
The firm secured capital investment throughout the year to meet an increasing demand for property loans, including the launch of a second Retail Bond on the London Stock Exchange and a £150m funding deal with investors Nomura and Magnetar.
LendInvest’s co-founder and chief investment officer, Ian Thomas, said: “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.”
He added: “Our focus now is keeping this momentum going into 2019.”
LendInvest has now lent more than £1.7bn to property investors and developers to date.