National Australia Bank (NAB) has backed UK online property finance platform LendInvest with a 拢200m (鈧�215.8m) investment.
LendInvest said the new funding from NAB expands LendInvest鈥檚 capacity to lend in the UK buy-to-let market, adding that it has now raised over 拢1.8bn of debt and equity from investors.
NAB joins a broad range of global financial institutions including banks such as HSBC, Citigroup and Nomura, investing in LendInvest.
Christian Faes, co-founder & CEO of LendInvest, said: 鈥淲e鈥檝e now raised almost 拢2bn in debt and equity for LendInvest, and in many respects, we鈥檙e just getting started.
鈥淲e have dominated in the short term mortgage market for years, and we鈥檙e now bringing our technology and growing distribution footprint, to take market share in the longer-term mortgage market.鈥�
James Versmissen, associate director at National Australian Bank, said: 鈥漈his new warehouse facility underlines NAB鈥檚 commitment and capability to support lenders that shape the mortgage market of tomorrow.鈥�
