- LendInvest has extended its funding agreement with JP Morgan by £500 million, increasing the total value of the account to £1.5 billion.
- JP Morgan has supported LendInvest since 2021, starting with an initial £500 million investment and a prior purchase of its £125 million mortgage portfolio.
- With this extension, LendInvest’s funds under management have surpassed £4.55 billion, driven by investor interest in asset-backed property finance amid current macroeconomic conditions.
- LendInvest plans to use the new funding to expand its mortgage offering, which began in 2019 with £200 million in funding from HSBC. Other major backers include Barclays, BNP Paribas, Citi, Lloyds, National Australia Bank, Wells Fargo, and Chetwood Financial.
- The company operates an online marketplace for property finance, offering buy-to-let mortgages, development finance, and bridging loans.
- LendInvest has been publicly traded on the London Stock Exchange since 2021, with over £7 billion lent since its founding in 2008.
- JP Morgan declined to comment on the extension.
