LendInvest and First 4 Bridging complete three-day bridging loan

London 20 June – Specialist lender LendInvest has completed a bridging loan within just three days on behalf of master broker First 4 Bridging, helping the borrower avoid punitive exit fees from their existing lender as a result.

The £1.6 million deal was the first between LendInvest and First 4 Bridging. LendInvest stepped in after another lender had let the client down, and delivered the required funding for two new-build properties and an adjoining piece of land in Redhill, Surrey to an incredibly tight deadline.

Magnus Duke Dadzie, Senior Business Development Manager, LendInvest

Magnus Duke Dadzie, Senior Business Development Manager at LendInvest, said: “This case just shows what can be achieved when experienced, professional firms come together and work in partnership. At LendInvest we pride ourselves on being able to produce funding quickly, but to do it within just a matter of days is reliant on great communication throughout, by all parties, including our legal partners Brightstone Law.”

Jonathan Caplan, Director of First 4 Bridging, said: “We had not worked with LendInvest before, but knew that they had an excellent reputation for offering a speedy, efficient service. LendInvest told us that they could deliver the funding quickly after another lender had let us down, and were as good as their word. We won’t hesitate to work with them again in the future.”

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Contacts

John Fitzsimons: [email protected] / 020 3846 6817

About LendInvest

LendInvest is the UK’s leading online lender for short-term property finance. The company was spun out of Montello Bridging Finance, the established bridging finance provider, in summer 2013.

LendInvest aims to bring the speed, efficiency and transparency of online lending to the mortgage market for the first time. In the last two years, LendInvest has originated over £664 million of loans to landlords and developers for terms lasting one month to three years, making it one of the most active short-to-medium term mortgage lenders in the UK.

LendInvest became the only UK online 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.

All loans are secured by a registered first charge against property in the UK and the company has consistently provided returns to investors of 5+% per annum.

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