Fastest growing P2P lender sells £5m bridging
A recently launched peer-to-peer platform has successfully completed the transaction of five bridging loans to a hedge fund, looking to gain exposure into the UK market.
LendInvest, co-Founded by Montello Chief, Christian Faes, also announced that since launching late last month – the platform has already lent out almost £5 million.
Its successes make the platform the fastest growing peer-to-peer lender on the market, owing a great deal of its exposure to its connections with Montello.
Speaking on the success of LendInvest, Christian Faes, Co-Founder of the platform, said: "LendInvest is seeing a lot of interest from investors and their advisers and IFAs, that are looking to gain superior risk adjusted returns.
“There is a common theme that 'the banks aren't lending', and this allows a way for investors to gain exposure to an investment that is providing a very decent return, plays off this theme and is secured against property."
Speaking on the target audience for the platform, David Serafini, Managing Director of LendInvest, said: "This is a very exciting development for the LendInvest platform.
“It proves that our proposition is a very attractive one for sophisticated and High Net Worth investors, family offices and hedge funds.”