LendInvest Complete World’s Largest P2P Loan

By Ryan Weeks on Friday 24 January 2014

Alternative Lending

LendInvest have now completed a £4.12 million loan – the largest in the history of peer-to-peer lending.

LendInvest are a p2p mortgage platform that lends to businesses secured against property. The milestone loan has been extended to a property developer to fund the acquisition of two adjoining commercial buildings in Croydon, South London. This developer turned to LendInvest after failing to secure financial backing via traditional means. The deal is set to boost the supply of affordable housing in London, as well as supporting the regeneration of the Croydon area. The flats will be priced between £200,000 and £250,000.

Christian Faes, Co-Founder of LendInvest, said:

“This is a big moment for the bourgeoning p2p industry, which is increasingly becoming a credible mainstream asset class for investors, as well as a source of funding for SMEs.

“Investors will secure a great rate of return and London will also benefit from an increasing amount of affordable housing. This deal is a real shot in the arm for the British alternative finance sector, which is fast emerging as a world leader.”

LendInvest, which was incubated by Montello Bridging Finance, has access to substantial deal-flow and a proven track record of lending without losing investor’s money. They are the only p2p lender to focus specifically on residential and commercial mortgage lending. Since launching in May 2013, the platform has facilitated £25 million worth of loans. In that time the platform has paid lenders an average rate of return of 10.4%. The news of this landmark loan deepens our belief that LendInvest is a rising star in the p2p space. 

Sign up for our newsletters

Your daily 7am download of all things alternative finance and fintech.

Fintech and alternative finance headlines with an exclusive Editor's Note each week. Delivered Monday at midday.

AltFi's new weekly US newsletter breaking down the ins and outs of America's burgeoning fintech sector. Delivered Monday 9am EST/ 6am PST.