LendInvest inks £500m funding deal with JP Morgan

LendInvest has secured a new funding line from JP Morgan worth £500m.

This brings the total value of JP Morgan’s investment in the specialist property lender to £1.5bn. LendInvest now has more than £4.55bn in funds under management.

The latest funding line will be used to support the growth of LendInvest’s mortgages proposition.

“We are delighted to extend our funding partnership with JP Morgan,” said Rod Lockhart, chief executive at LendInvest.

Read more: LendInvest lowers full-year profit guidance due to accounting issue

“This milestone transaction is a major vote of confidence in LendInvest and its market-leading origination capability and technology, and it demonstrates our continued ability to scale our strategic partnerships.

“This extension will significantly strengthen our already competitive buy-to-let proposition, ensuring we remain at the forefront of the industry through our innovative approach and exceptional customer service.”

Read more: LendInvest founder’s firm inks funding line with Triple Point

Earlier this year, LendInvest announced that it had secured a £42.5m funding facility with an unnamed global alternative investment manager. The three-year strategic funding facility was earmarked to refinance an existing short-term, buy-to-let and residential mortgages funding facility.

However, according to the firm’s 2024 annual report, for the period ending 31 March 2024 LendInvest fell into a £27.3m loss, down from a £14.3m profit the previous year. The firm blamed last year’s performance on a challenging year for the property market.

Read more: LendInvest chief receives no bonus or pay rise after lender falls into red