LendInvest Capital appoints Scotiabank fund distributor to bolster team amid record growth

London, 20 May 2016 – LendInvest Capital, the fund management and advisory division of LendInvest, the UK’s leading online lender for mortgages, has appointed Jesse Mosebye from Scotiabank to join its expanding team.

LendInvest Capital, formerly Montello, has specialised in direct and secured real estate lending strategies since 2008.

The team manages over £85 million in two discretionary funds on behalf of institutional investors, banks, family offices and private clients located throughout the UK, Europe and Asia.

LendInvest Capital’s flagship fund, the Real Estate Opportunity Fund, is a Luxembourg-based SICAV which has returned between 8 and 10% each year since inception.

LendInvest Capital is expanding its team to accommodate growing investor interest in its strategy to capitalise on a bank funding deficit in the UK real estate lending market, targeting the sub-£5 million loan bracket. March 2016 was a record-breaking month for the team with total FUM increasing by 12% during the month.

Jesse joins LendInvest from Scotiabank where he spent five years in the European Capital Introductions team building investor relationships for the prime brokerage team’s hedge fund and asset management clients. He will work closely with Carl Giannotta, Associate Director, to broaden the team’s investor relationships among larger institutions including hedge funds, FoHFs and asset managers.

Rod Lockhart, Managing Director of LendInvest Capital, commented: “Jesse joins LendInvest Capital at an exciting time when interest is surging from investors attracted to our income-led, low volatility investment proposition. Jesse’s experience is a great fit for the LendInvest Capital team and his investor network complements our existing relationships very well.”

LendInvest, which was the UK’s first online lender for property, has now originated over £640 million of loans for borrowers seeking mortgage finance on terms lasting up to three years. The company’s team has grown rapidly in the last year from 30 to 100 employees, and has attracted £39 million in equity investment from two significant international investors, Beijing Kunlun and Atomico.

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Contact

Carmen Murray, [email protected] / 020 3846 6820 / 07713 110 624

About LendInvest

LendInvest is the leading online marketplace for short-term property lending and investing. The company was spun out of Montello, an offline bridging finance lender, in 2013.

LendInvest brought the speed, efficiency and transparency of online lending to the mortgage market for the first time. LendInvest has originated over £640 million of property loans to landlords and developers, making it one of the most active short-to-medium term mortgage lenders in the UK. LendInvest borrowers have bought, built or refurbished 2,200 UK properties worth £900 million.

LendInvest became the only UK marketplace lender to report two years’ of profitability in its first two years of trading, with profits for FY 2015 rising to £3.1 million.

LendInvest is authorised and regulated by the Financial Conduct Authority and in June 2015, it became the first marketplace platform to be rated by a regulated European credit rating agency.

For further information, please visit www.lendinvest.com and follow the company at @lendinvest.