LendInvest signs £1.5bn funding deal with JPMorgan
LendInvest extends £1.5bn funding agreement with JPMorgan, increasing total facility by £500m.
- JPMorgan funding facility £1.5bn
- Additional funding £500m
- Funds under Management £4.55bn
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LendInvest plc (AIM: LINV) ("LendInvest" or the "Company"), the UK's leading platform for mortgages, announces that it has extended its existing Separate Account with JP Morgan by an additional £500 million to £1.5 billion.
This funding will be used to support the growth of LendInvest's Mortgages proposition.
As a result, LendInvest now has more than £4.55 billion of Funds under Management, as investors seek secured, asset-backed investment opportunities in property finance, offering strong relative value in the current macroeconomic environment.
Rod Lockhart, Chief Executive Officer at LendInvest said: "We are delighted to extend our funding partnership with J.P. Morgan. This milestone transaction is a major vote of confidence in LendInvest and its market-leading origination capability and technology, and it demonstrates our continued ability to scale our strategic partnerships.
"This extension will significantly strengthen our already competitive buy-to-let proposition, ensuring we remain at the forefront of the industry through our innovative approach and exceptional customer service."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.