LendInvest, the London based buy to let finance and bridging finance platform, has recently launched a structured property finance team to supply tailored solutions to large and complex property deals.
The new team will have the capacity to offer larger bridging loans including land and commercial security, as well as development exit and development finance.
The team will be led by experienced sales director Tom Madden and senior business development managers Michael Minnie and Gary Clark. The trio combined have over 55 years of specialist property finance experience, offering an impressive outlook for the new team.
“The creation of the new structured finance team is a natural step for the business, and a formalisation of a lot of the work the team have been delivering to date,” Madden said in a blog on LendInvest’s website.
“This launch builds on the team’s successful track record of understanding our borrower’s businesses, helping our brokers add significant value and providing a tailored experience for professional property investors and small- and medium-sized enterprise developers.”
Original article featured here…
During the COVID-19 lockdown, LendInvest published some vital articles on the benefits of development finance for borrowers. This included long loan terms and cheaper rates which prove helpful for developers seeking to sell units in difficult and uncertain market conditions.
At the beginning of the COVID-19 UK lockdown, LendInvest froze recruitment and tightened its lending, including decreasing its maximum loan-to-values (LVT’s) across all of its product offerings.
However, last month, the lender increased its maximum LVT’s, indicating that recovery in the property market is beginning to take place as lockdown restrictions ease and confidence returns.