LendInvest has secured a new funding partnership with global asset-based private credit specialist, Castlelake.
The agreement enables Castlelake to purchase up to £250m in loans and enables LendInvest to scale its bridging proposition and provide enhanced flexibility for borrowers across the property market.
The arrangement increases LendInvest’s capacity for larger, more complex loans - including the ability to fund individual projects up to £15m - while simultaneously unlocking a greater capability in regulated bridging loans and other areas such as development exit financing.
Hugo Davies (pictured), chief capital officer and managing director of mortgages at LendInvest, commented: "This partnership is a strategically important milestone for our bridging franchise. By partnering with Castlelake we have secured an accretive, long-term funding solution that allows us to fund larger loans more efficiently and support gaps in the market where traditional lenders remain constrained.
“Coming off the back of our strong half-year results, this deal underscores the institutional confidence in our platform and our commitment to making property finance simple for both new and existing customers."
Leanne Ardron, managing director of short-term lending at LendInvest, added: “The wider UK property market has realised what we always knew, and that is bridging financing is no longer a niche, but a powerful tool used for property investors to maximise their investing potential.
"This new partnership with Castlelake allows us to widen our lending criteria and enable property investors to be bold with their strategy. The team and I are excited to see what we can achieve with this funding pipeline, and we’re ready to start conversations with brokers and their clients.”
