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BNP Paribas joins £300m LendInvest syndicate with HSBC and Barclays
Taking LendInvest’s total funds under management to £3.7bn.
The funding will be used for LendInvest’s short-term mortgages, with £100m of new funds under management as part of today’s announcement.
"Housing supply is a fundamental issue in the UK at the moment and our short-term mortgages play a key role in addressing this by helping developers refurbish and upgrade old housing stock,” said LendInvest CEO Rod Lockhart.
"We are thrilled to welcome BNP Paribas to our growing roster of global financial partners and institutional investors, not only demonstrating their trust in our capabilities and the continued momentum in our business, but significantly supporting our short-term mortgage proposition.”