LendInvest raises £150m in residential development finance

LendInvest has secured £150m of initial funding from global investment bank Nomura and multi-strategy alternative investment manager Magnetar.

The specialist lender will use the funding for residential development finance as it looks to grow and consolidate its position in the market.

This funding brings LendInvest’s total capital for lending to approximately £1bn.

“LendInvest continues to attract investment from some of the largest and most sophisticated investors globally to our platform,” said Christian Faes, co-founder and CEO at LendInvest (pictured above).

“Development Finance is a key product for us as it complements our dominant position in short-term mortgages, and our expanding buy-to-let product, further establishing LendInvest as the ‘one-stop shop’ for property entrepreneurs. 

“This funding joint venture with Nomura and Magnetar will allow us to continue to grow our development finance product, and to provide much-needed funding for SME housebuilders across the country.”

Roger Cattermole, managing director at Nomura, said that it was pleased to be working with LendInvest in order to boost its access to finance for developers.

“Nomura’s participation in this joint venture demonstrates our commitment to providing SMEs and property entrepreneurs with access to funding in an evolving UK residential property market in order to help grow businesses and ultimately support housing supply.”

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