LendInvest secures £40 million dedicated funding line from Macquarie

• Warehouse funding line dedicated to bridging and buy-to-let loans
• Increases LendInvest’s total institutional funding to over £230 million

London, 28 April 2016 – LendInvest, the UK’s first and largest online marketplace for property finance, has agreed a warehouse financing facility with global financial services provider Macquarie for an initial amount of £40 million. The facility will allow LendInvest to continue its growth and consolidate its leading position in the UK short-term mortgage market.

The Macquarie facility, which can be increased over time, is LendInvest’s fourth bank funding line and brings LendInvest’s total investment by UK and international institutions to over £230 million.

Christian Faes, CEO & Co-Founder, LendInvest

Christian Faes, Co-Founder & CEO of LendInvest commented:

“LendInvest is creating the most diverse capital base of any mortgage lender in the market which is a key differentiator for our business. By welcoming another significant institution and funding line to our business, we are putting in place the foundations for a very scalable move into longer duration lending and ultimately the mainstream UK mortgage market.

“Macquarie is a leading global financial institution with a proven deep knowledge of the UK mortgage market. We look forward to working with the Macquarie team as we expand our product range with longer term loans that are attractive to them and other capital markets investors. This warehousing line will assist us as we move towards being able to securitise our assets for institutional investors.”

In addition to raising £230 million of institutional funds to lend against mortgage loans, LendInvest has recently closed two significant equity investment rounds. In June 2015, Beijing Kunlun, the listed Chinese technology company, invested £22 million ($34 million), followed by Atomico, the venture capital firm, that invested £17 million ($25 million) in March 2016.

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Contact

Carmen Murray, LendInvest: [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 founded by Christian Faes and Ian Thomas in 2013.

LendInvest brought the speed, efficiency and transparency of marketplace lending to the mortgage market for the first time. LendInvest has originated over £610 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.

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.