Business
LendInvest welcomes BNP Paribas to syndicate
LendInvest welcomes BNP Paribas to syndicate.
About this update from Lendinvest Plc
[{"type":"text","content":"\n\n \nLendInvest welcomes BNP Paribas to £300 million financing syndicate with HSBC and Barclays Bank PLC\n \n● The syndicate will fund LendInvest's short-term mortgages\n● The total commitment from all parties will be £300 million, with £100 million in new Funds under Management\n \nLondon, 11 May 2023 - LendInvest, the UK's leading platform for mortgages, announces BNP Paribas joins its £300 million financing syndicate with HSBC and Barclays Bank PLC to support the continued growth of its short-term mortgages.\n \nBNP Paribas joins a growing roster of global financial institutions choosing to support LendInvest's mortgage products, including banks such as Lloyds, JP Morgan, HSBC, Barclays Bank PLC, Wells Fargo, Citi and NAB.\n \nThe £300 million in funding will support LendInvest's short-term mortgages, including financing the refurbishment and upcycle of old housing stock back into circulation across the UK.\n \nThis partnership increases LendInvest's Funds under Management to £3.7 billion, as the business continues to present itself as the platform of choice for global financial institutions seeking to gain access to the UK mortgage market.\n \nThe announcement follows recent news that in April, Wells Fargo joined LendInvest as its latest funding partner for its Buy-to-Let business.\n \nRod Lockhart, Chief Executive Officer of LendInvest, commented: \"We are thrilled to welcome BNP Paribas to our growing roster of global financial partners and institutional investors, not only demonstrating their trust in our capabilities and the continued momentum in our business, but significantly supporting our short-term mortgage proposition.\n\"Housing supply is a fundamental issue in the UK at the moment and our short-term mortgages play a key role in addressing this by helping developers refurbish and upgrade old housing stock.\"\n \n--Ends--\n \nMedia Contacts:\n \nLeigh Rimmer, [email protected] | 020 3846 6817\n \n \nAbout LendInvest\n \nLendInvest is a leading platform for mortgages in the United Kingdom. Since inception we have developed proprietary technology and digital solutions that have allowed us to capture market share from incumbents and attract significant third-party capital.\n \nWe use our technology to di...