LendInvest renews £300m warehouse financing deal with HSBC, Barclays, and BNP Paribas
LendInvest, a UK-based property finance fintech, has renewed its £300 million revolving warehouse financing agreement with BNP Paribas, Barclays Bank, and HSBC.
LendInvest renews £300 million financing facility
The facility, equally shared between the three backers, has been extended for an additional three years under “improved terms”, the fintech says, further strengthening the partnership that began in 2021 when LendInvest secured a £150 million agreement with HSBC and Barclays.
Based in London, LendInvest operates an online marketplace for property finance, through which it offers loan products such as buy-to-let mortgages, development finance, and bridging loans to real estate investors and developers.
Founded in 2008, the company claims it has lent over £3 billion in short-term, development, bridging, and buy-to-let mortgages to developers, intermediaries, and landlords since its inception.
LendInvest says the facility will support its mortgages division, specifically its shorter-term bridge financing products such as Retrofit and Refurbishment and Bridge-to-Let.
The extension comes after LendInvest revealed a £500 million increase to its funding agreement with JP Morgan last month, bringing the total separate account value with the US bank to £1.5 billion.
