London-based property financing and investment platform, LendInvest, has raised £500M (approx €566M) from JP Morgan in future mortgage originations. Commenting on this development, Rod Lockhart, CEO at LendInvest, says, “This transaction is yet another example of the growing interest from large global institutions in UK Fintech, and importantly, another milestone for LendInvest.”
Use of the funds
The raised capital will enable LendInvest to finance its buy-to-let properties following its sale of a £125M (approx €141.1M) mortgage portfolio to JP Morgan in September 2020.