Bridging & Commercial Exclusive: P2P lender smashes £60m barrier in Q1
Short-to-medium term provider LendInvest has completed over £60 million of bridging related business in the first quarter of 2015.
via Bridging & Commercial | 14 April 2015 | By Tom Belger
Last month LendInvest revealed that they had completed £26 million of bridging in one month including one £700,000 loan in 72 hours.
Sales and Marketing Director, John Prust, said: “Our proposition of highly competitive products and fast completion is proving attractive to an ever increasing number of introducers.”
Praise for the lender’s completion rate came from Ali Jabbar of Oracle, who commented: “Lendinvest completed a case for me in a few days. My client had been badly let down by another lender. I cannot thank the staff at Lendinvest enough for all their hard work.”
John also revealed that LendInvest has appointed Roz Cawood from Precise Mortgages, he noted: “Roz’s professionalism and recognized lending experience can only help us achieve our ambitious growth plans.”
About LendInvest
LendInvest is the UK’s leading platform for property finance.
LendInvest offers short-term, development and buy-to-let mortgages to intermediaries, landlords and developers. Its proprietary technology and user experience are designed to make it simpler for both borrowers and investors to access property finance.LendInvest has lent over £3bn of short term, development and buy to let mortgages.
Its funders and investors include global institutions such as HSBC, Citigroup and NAB, and, in 2019, it was the first Fintech to securitise a portfolio of BTL mortgages. The company has reported annual profitable growth since 2015 and was named Digital Innovation Award Winner at the Sunday Times Tech Track 100 Awards, and both Specialist Lender and Buy-to-Let Lender of the Year for 2019 at the last NACFB awards.