LendInvest plans to expand its structured property finance team
LendInvest plans to expand its structured property finance team as it predicts a busy 2022.
Tom Madden, director of the online property lender’s structured property finance team which was launched in July 2020 to provide tailored solutions to complex, large property deals, said that lending has been steadily growing over the last 18 months.
He said the team plans to expand the product offering and recruit more staff in the year ahead.
Madden said although there is continued uncertainty across the economic outlook, he expects the property market to be busy in 2022 similar to 2021.
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“Based on how busy the market has finished 2021 it does feel like 2022 will be a positive step in the right direction,” he said in a blog on LendInvest’s website.
“The amount of capital in the UK specialist real estate market continues to increase and I can’t see 2022 bucking this trend. This has led to enormous competition between lenders of all shapes and sizes and for all types of finance requirements.
“For large bridging loans, which our team specialise in, there are still only a few lenders in the market who can be trusted to always deliver on their word and I’m glad to say that LendInvest is certainly one of those.
“As has been the case for at least the last few years it’s the continued uncertainty across the whole economic outlook.
“Property developers and investors in the UK are always looking to push forward with positive medium/long-term views whatever the short-term concerns, but these do seem to be coming from all angles at the moment.”
Earlier this week, LendInvest said it is focusing on recruiting people in all areas of the team as it plans to launch more products and build on its technology this year.