LendInvest announces successful figures
LendInvest’s total principal amount of loans has reached over £800m since its launch in 2008.
At the end of the last financial year, the total principal amount of loans provided by the group was £811.34m with the company managing and advising on £412.5m of facilities.
Total annual lending continued to grow throughout the year, reaching £286m excluding extentions.
Christian Faes, co-founder and chief executive of LendInvest, said: “LendInvest has developed a unique and compelling proposition for borrowers.
“As we continue to scale the business, we’re increasingly looking to diversify our funding model and expand our capacity to lend to underserved borrowers.”
LendInvest also announced the proposed issue of sterling-denominated 5.25% fixed rate notes due in 2022.
Rod Lockhart, managing director of LendInvest Capital, added: “Our debut retail bond is launching at a critical time when demand in the UK’s residential property market continues to outstrip supply.
“We want to support more professional borrowers through our tried and tested model and excellent track record and the retail bond creates a whole new funding source which enables us to do so.”
Matt Tooth, chief commercial officer at LendInvest, said: “This retail bond will be an important new source of funds to add to our diversified funding mix.”