Montello continues to grow loan book

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Montello Finance has said it is lending over £250m a year.

The London firm claims it has consistently been lending over £20m each month in the buy-to-let market, with lending growing quarter on quarter.

This comes off the back of the peer-to-peer platform, LendInvest, which was ‘incubated’ out of Montello and officially launched last year. LendInvest has funded over £70m of property transactions in its first year of operation, and is receiving over £1m each week in new investment onto the platform.

Montello has a number of different funding avenues, last year launching its third fund, the Montello Real Estate Opportunity Fund, which was set up in Luxembourg with global real estate firm CBRE. This fund is being actively marketed globally, with recent road-shows through Asia, the Middle East and continental Europe.

Christian Faes (pictured), managing director of Montello, said: “We are definitely one of the most active lenders in the buy-to-let short-term bridging finance market.

“We now have seven different avenues for funding our loan book, and whilst short-term bridging finance is very much at the core of Montello is about, we have moved to become a mainstream real estate lender.

“We are seeing excellent in-flows to our Montello funds, and LendInvest is becoming extremely popular with investors. As a result, it is fair to say that we have a very healthy appetite for financing real estate transactions throughout England, and will continue to grow our loan book in this opportune environment.”

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