LendInvest has successfully closed a three-year strategic funding facility to the value of £42.5m with a global alternative investment manager.

The mortgage platform is listed on the London Stock Exchange and offers short-term, buy-to-let (BTL) and homeowner mortgages.

It said that the proceeds from the transaction will be used to refinance an existing funding facility for these mortgages.

Since its establishment in 2013, LendInvest has lent over £6bn in mortgages, with its funders and investors including global institutions such as Citigroup, HSBC, J.P. Morgan and Lloyds Bank.

Furthermore, in 2019, it was the first fintech to securitise a portfolio of BTL mortgages.

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