Authorised P2P property lender clinches seed funding

By Ryan Weeks on Tuesday 4 July 2017

Alternative Lending

LandlordInvest scoops seed round from O&H Properties director Alan Gabbay.

LandlordInvest scoops seed round from O&H Properties director Alan Gabbay.

LandlordInvest, a property-focused peer-to-peer lender, has clinched a round of seed funding from Alan Gabbay, director of O&H Properties, a London-based privately owned investment firm with assets valued at around £1bn. Further details of the investment have not been disclosed. The platform is also backed by LNK Capital, and angel investors Reece Chowdhry and Lee Josephs.

LandlordInvest specialises in bridging and buy-to-let loans, and was granted full authorisation by the regulator in Decemeber of last year. It then launched its Innovative Finance ISA offering in January of this year, advertising tax-free returns of up to 12 per cent. Lenders on the platform can get started with a minimum investment of £100.

The firm’s target borrowers are professional landlords, who may borrow anywhere between £30k and £750k for up to 5 years on a buy-to-let basis. The platform’s bridging loans carry a maximum term of 18 months.

LandlordInvest will use the seed funding to accelerate its investment in technology and to continue its development.

“The rapid success LandlordInvest has enjoyed since its launch proves there is a clear gap in the market for a service that integrates the requirements of landlords seeking financing in a simple and efficient manner or investors seeking returns in a low rate environment,” said Gabbay. “Filip and the team are building the next-generation leader in the property finance space and I am delighted to be working with the LandlordInvest team.”

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