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Sign in Sign up for a FREE subscriptionLendInvest signs €1.8b funding agreement with JP Morgan
LendInvest, a U.K.-based platform for mortgages, has extended its existing separate account with JP Morgan by an additional £500 million to £1.5 billion (€593 million to €1.78 billion/$654 million to $1.96 billion).
This funding will be used to support the growth of LendInvest's Mortgages proposition.
As a result, LendInvest now has more than £4.55 billion (€5.39 billion/$5.96 billion) of funds under management, as investors seek secured, asset-backed investment opportunities in property finance, offering strong relative value in the current macroeconomic environment.
“We are delighted to extend our funding partnership with J.P. Morgan. 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,” said Rod Lockhart, CEO at LendInvest. “This extension will significantly strengthen our a
