LendInvest hit £500m lending milestone in 2017

LendInvest funding to property investors, developers and landlords helped to buy, build or renovate almost 2,000 homes last year, according to the firm.

The lender said its focus on developing tailored loan products helped bolster performance.

Last year LendInvest added five new products to its loan range designed for specific borrower requirements, including refurbishment finance, pre-construction finance and professional buy-to-let loans.

It comes as the company hired Ian Boden as sales director from Aldermore’s commercial lending business.

LendInvest also expanded its team of field-based business development managers in 2017, to ramp up lending capacity outside London and the South East.

The lender has now lent more than £1.2bn in total to property investors and developers.

Christian Faes co-founder and chief executive at LendInvest (pictured), said: “Surpassing the £500m milestone for annual lending was a great way to close off a fantastic year for the business.

“Despite an unexpected snap General Election in June and the continued weight of Brexit negotiations on the general economy, we are just as confident as our customers in the resilience of the professional property investment market.

“Demand for high quality lending products has not wavered.

“We expect to see this appetite increase again in 2018, as we further consolidate our dominant share of the short-term lending market and rapidly roll out our buy-to-let loan offering.”

In December, LendInvest reported a record-breaking year of capital raising.

Between January and December last year, the company’s invested capital base grew by 104% to £765m.