To date, Lendinvest investors have used the platform to lend almost £1.2bn in property loans, targeting professional property investors and developers who build, buy or renovate homes across the UK.
The capital came from investors that range from individuals to banks, pension and infrastructure funds, and family offices.
Lendinvest’s funding partners now include Citigroup and the Merseyside Pension Fund.
The company also raised almost £100m of new capital for its discretionary fund, bringing its Luxembourg-domiciled fund to £150m. Lendinvest said the discretionary fund owes its growth to increasing demand from international investors for “exposure to secured UK property investments”.
In August, Lendinvest also launched a secured bond on the London Stock Exchange, which saw £50m raised from a combination of retail and institutional investors.
Meanwhile, the company expanded its range of specialist loan products from two to eight over 2017 – which now includes auction finance, pre-construction finance, as well as buy-to-let (BTL) loans for professional landlords and limited companies managing portfolios of rental assets.
In November, Mortgage Solutions reported on Lendinvest’s launch into the professional BTL sector, after a successful pilot phase.
“The demand for credit to back UK residential property projects consistently outweighs the supply, but banks and other traditional lenders continually fail to close that gap,” said Christian Faes (pictured), co-founder and chief executive officer of Lendinvest.
“We’re in a unique position to capitalise on the opportunity this creates for the benefit of all our investors,” Faes continued, “with a well diversified lending capital base, 2018 looks promising for us and our investors.”
“We’ll lend more than ever before across the country, helping to fund the creation of thousands more essential new and improved homes in dozens of the UK’s towns and cities,” added Faes.