LendInvest is a smart new way of financing development projects, providing funds through an innovative peer-to-peer lending platform that offers flexible products.
LendInvest are one of the leading peer-to-peer bridging lenders in the 21st century, and are one of the few lenders to fully exploit the possibilities that P2P can provide. Unlike many other bridging lenders, they are able to provide a full suite of financial solutions to their borrowers whilst still retaining a high degree of expertise and bespoke flexibility. This is due in part to the lender’s in-house underwriting team and dedicated evaluation department; they are able to determine which loans are appropriate for which borrower in different circumstances, and tailor the terms of their loan to meet their needs.
The wide range of financial products available from LendInvest includes high-value property development finance, which can be used from the start of a project all the way through to its completion. It’s possible to secure land before construction commences, kick-start the project with bridging finance, then restructure the loan to provide an exit, all with the same lender. Because these loans are entirely backed by “participating investors”, and not direct lenders, LendInvest is able to quickly and reliably finance projects; they needn’t liaise with many different lenders and can instead provide decisions quickly, which is absolutely vital in the fast-paced property development sector.
Your key contacts at LendInvest
A bridging loan is a short-term loan secured against property. It allows you or your business to “bridge a gap” until either longer-term finance can be arranged, or the underlying security or other assets can be sold.
Development finance can be offered against both residential and commercial property. Development loans are designed to help developers fund refurbishments, renovations, or conversions of existing property or to build brand new properties on a ground-up basis.
Development finance can be used for new build projects, commercial and residential developments, renovations, conversions or for the redevelopment of existing properties. Loans can be used for a vast range of different property types.
By assessing how extensive the project is, how long it is likely to take and how much it is likely to cost in a worst and indeed a best-case scenario. Refurbishment bridging loans will cover a majority of light and heavy refurbishment projects but for more extensive development projects including ground-up builds of one or indeed multiple units, development finance can potentially cover both the land purchase and build costs
Loans generally range from £25,000 to many millions depending on the size and complexity of the planned development. The amount that can be borrowed depends on the strength of the development proposition, the location, the potential profits, the perceived risks and of course ultimately on the lenders risk appetite.
Yes. Rates are generally a little higher for development finance which reflects the greater complexity and slightly higher risk associated with this form of lending.