LendInvest Backs 50-Home Bulk Acquisition with £17.3m Portfolio Bridge at 90% of Purchase
13 January, London – LendInvest Mortgages (LSE: LINV), a UK-based technology-backed specialist lender, completed a bridging loan totalling over £17 million to support the bulk acquisition of a residential portfolio across the South of England.
The deal, brought to the lender by an intermediary partner, enabled an experienced property investor to move quickly on a unique opportunity to purchase 50 homes from a developer at a bulk discount. The properties are located across four towns in Hampshire and Dorset.
The borrower, a seasoned investor with over a decade of experience in the UK property market, required a fast and flexible funding solution to secure the deal. The portfolio bridge was structured to accommodate the complexity of a multi-property acquisition while providing the funding needed to meet the developer’s timelines at 90% of the purchase price
A key component of the deal’s success was the clear exit strategy. The borrower plans to refinance 20 of the 50 homes onto LendInvest’s own Buy-to-Let (BTL) products within 90 days of the initial purchase.
This “bridge-to-let” transition demonstrates the synergy between LendInvest’s short-term and long-term financing solutions.
Michael Minnie, Head of Bridging Sales at LendInvest, said: “This significant deal is a perfect example of LendInvest’s commitment to offering flexibility when it comes to short-term lending.
We are absolutely thrilled to facilitate this £17 million deal and solidify that short-term lending is no longer just a niche or reactive solution. When used strategically, as in this case, this type of flexible and certain funding can empower property investors to seize high-value opportunities.
By combining our bridging expertise with a clear path to long-term Buy-to-Let finance, we’ve provided a seamless end-to-end solution for a sophisticated client.”
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.