LendInvest launches bond to fund bridging and buy-to-let

Ryan Bembridge

March 15, 2018

LendInvest has launched a second retail bond to fund the origination and/or purchase of bridging and buy-to-let loans.

The launch comes seven months after LendInvest unveiled its first bond, which raised £50m.

Christian Faes (pictured), co-founder and chief executive of LendInvest, said: “LendInvest provides investors with the opportunity to invest in a portfolio of loans that are all secured by property, at conservative LTV’s, and backed by an unrivalled 10-year track record.

“Banks and other traditional lenders continue to retrench from property lending, constrained by increasing capital adequacy requirements and other limiting factors.

“This scenario shows no sign of changing and exacerbates the lack of capital available to professional property investors and developers trying to run their businesses around the country.

“The door is open for alternative lenders, like LendInvest, to be highly competitive in this space.”

The bond has a fixed rate of 5.375% for 5.5 years.

LendInvest was advised by Simmons and Simmons LLP.

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