The world’s largest peer-to-peer marketplace for property, LendInvest, has merged with one of the UK’s leading real estate bridging finance lenders.
LendInvest was a business that was originally incubated out of Montello Bridging Finance, but until recently the mortgage origination was a separate business. With this recent move, the mortgage origination and servicing capability of Montello has now moved across to form part of a much larger LendInvest operation.
LendInvest CEO, Christian Faes, commented:
“LendInvest has grown at a considerable pace since launching in May last year. It is now the world’s largest peer-to-peer marketplace for real estate mortgages, and our investor inflows are growing week-on-week. We are originating and funding well in excess of £200m (c.$326m) a year in short-term real estate mortgages.
“It made perfect sense for us to move the mortgage origination and servicing across to LendInvest. Increasingly the value in P2P businesses, is in the ability to originate quality deal-flow that is underwritten sensibly, and to originate in volume. This increases LendInvest’s ability to originate in volume, as we get the added synergies from the expanded reach of the brand in the market.
We are one of the leading lenders in the UK short-term mortgage market, with a team of almost 40 experienced professionals, and substantial funding. This move consolidates that position and places us well for future growth.”
LendInvest is a short-to-medium term Buy-To-Let lender in the UK, and the world’s largest peer-to-peer marketplace for real estate. See: www.lendinvest.com
About Montello Capital Management:
Montello is one of the leading real estate fund managers in the UK, with over a quarter of a billion dollars under management, across three Montello funds and a number of committed institutional funding lines.