LendInvest has secured a warehouse financing facility with Macquarie for an initial amount of £40 million.
The facility will allow LendInvest to continue its growth in the UK short-term mortgage market.
The Macquarie facility, which can be increased over time, is LendInvest’s fourth bank funding line and brings LendInvest’s total investment by UK and international institutions to over £230 million.
Christian Faes, CEO of LendInvest, said: “LendInvest is creating the most diverse capital base of any mortgage lender in the market which is a key differentiator for our business. By welcoming another significant institution and funding line to our business, we are putting in place the foundations for a very scalable move into longer duration lending and ultimately the mainstream UK mortgage market.
“Macquarie is a leading global financial institution with a proven deep knowledge of the UK mortgage market. We look forward to working with the Macquarie team as we expand our product range with longer term loans that are attractive to them and other capital markets investors. This warehousing line will assist us as we move towards being able to securitise our assets for institutional investors.”
