LendInvest makes a splash
The real estate peer-to-peer lender lent Moirai Capital a facility which allowed the leisure centre developer to acquire the site from administrators and to renovate the water-park back to an A grade level.
LendInvest, which provided the loan to investors in tranches, had over a hundred investors invest in the loan.
Christian Faes, co-founder of LendInvest, said: “This is a great example of the flexible funding that LendInvest can provide to the market.
“The borrower required funding quickly in order to secure the opportunity; and we were able to work with the borrower to ensure they had sufficient funding to complete the required works.
“The borrower now holds one of the leading water-park centres in the UK, which is let to one of the leading operators in the space, and investors received a great return for their investment in the loan.”
Bobby Rach, managing director of Moirai Capital, added: “LendInvest are clearly at the forefront of innovative lending solutions.
“I couldn’t imagine any other lender in the market being as quick and professional as LendInvest was with this transaction.”
The theme park will re-open on Monday.