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On 4 June 2024, LendInvest plc closed a three-year strategic funding facility to the value of £42.5 million. This facility was established with a global alternative investment manager, and its proceeds will be used to refinance an existing short-term Buy-to-Let and Residential mortgages funding facility.
| Date | 4 Jun 2024 |
| Time | 07:01:01 |
| Category | Miscellaneous |
| ID | 0100R |
LEI: 213800NWMK3O4UWP9N91
4 June 2024
LendInvest plc
LendInvest successfully closes debt financing transaction
LendInvest plc (AIM: LINV) ("LendInvest" or the "Company"), the UK's leading platform for mortgages, today announces that it has successfully closed a three-year strategic funding facility to the value of £42.5 million with a global alternative investment manager.
Proceeds from the transaction will be used to refinance an existing short-term, Buy-to-Let and Residential mortgages funding facility.
Enquiries:
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LendInvest via Teneo Hugo Davies, Interim CFO and Chief Capital Officer Leigh Rimmer, Director of Communications
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+44 (0)20 7353 4200
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About LendInvest
LendInvest is the UK's leading platform for mortgages, and is listed on the London Stock Exchange (AIM: LINV).
LendInvest offers short-term, buy-to-let and homeowner mortgages. 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 £6bn of mortgages. Its funders and investors include global institutions such as Citigroup, HSBC, J.P. Morgan, Lloyds Bank and NAB, and, in 2019, it was the first Fintech to securitise a portfolio of buy-to-let mortgages.
The company was named Digital Innovation Award Winner at the Sunday Times Tech Track 100 Awards, Buy-to-Let Lender of the Year for 2020 at the NACFB awards, and one of FT1000's Fastest Growing Companies in Europe for 2021.