LendInvest, the leading property marketplace lending platform, has received a £40 million warehouse facility from Macquarie. The funding will be dedicated to bridge and buy-to-let loans. The financing from Macquarie brings institutional investment for LendInvest to £230 million. Macquarie, based in Sydney Australia, is a global investment bank with offices in 28 different countries.
The new capital will help LendInvest “consolidate its position in the UK short term mortgage market while providing a foundation for moving into longer duration lending. The facility may increase over time. LendInvest has originated over £625 million in loans and continues to be a profitable marketplace lending financial firm.
Christian Faes, co-founder and CEO of LendInvest, said his company was creating the most diverse capital base of any mortgage lender in the UK market. Faes said they were “putting in place the foundations for a very scalable move into longer duration lending and ultimately the mainstream UK mortgage market.”
“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,” stated Faes.
Affiliating with global financial firms may establish the foundation to push into other markets allowing LendInvest to leverage its highly effective model. In June 2015, Beijing Kunlun, the listed Chinese technology company, invested £22 million in LendInvest, followed by VC firm Atomico that invested £17 million in LendInvest in March of 2016.