LendInvest Funds £4.54 Million Development for 9 New Homes in Isleworth

17 November, London– LendInvest Mortgages (LSE: LINV), one of the UK’s leading asset managers for property finance, has announced funding for a new housing development in Isleworth.

The £4.54 million facility will be used to build a total of 9 new residential homes: one 4-bedroom detached house and two sets of 3-bedroom semi-detached homes.

The client, an experienced developer, is a new borrower to LendInvest, and the funding will also be used to purchase the parcel of land, currently vacant except for one building that will be demolished before new construction begins.

The site of the new development is in a high-demand area adjacent to a train station, and once completed, the nine new residential homes will also have parking spaces, including access to EV charging points.

Steve Larkin, Managing Director for Development at LendInvest, said: “This project is a great example of a property developer with the vision to transform vacant land into an opportunity. These 9 new homes will add to the vitality of the area, as its proximity to a train station, shopping and a local park will be a draw for future homebuyers.

During a time when new high-quality homes are needed throughout the UK, SME developers are ready to deliver. Since LendInvest’s first development deal nearly 10 years ago, we have always been committed to supporting SME developers throughout the entirety of their project, and this facility reaffirms that.”