Bond, Secured Listed Retail Bond: Lending Marketplace LendInvest Syncs with SyndicateRoom

UK Online investment platform SyndicateRoom has offered members the opportunity to take part in a retail bond offer for LendInvest, the leading marketplace for property lending and investing. To recap, under the offer, LendInvest proposes the issue of sterling-denominated 5.25% fixed-rate retail bond notes, which are due in 2022, by its wholly-owned subsidiary, LendInvest Secured Income plc. LendInvest is the guarantor of the retail bonds, which will be secured by way of a floating charge over the whole of the undertaking and all property, assets and rights, both present and future, of LendInvest Secured Income plc.

“This is a particularly exciting deal for us, as it’s the first time we’ve offered our members access to a retail bond and is the latest example of SyndicateRoom paving the way for private investors into the public markets,” commented SyndicateRoom Co-founder Tom Britton. “By giving our members access to yet another type of offering we’re allowing our investors further opportunity to diversify their portfolios. The announcement also adds to our vision of connecting our members with great businesses – and as a leading fintech company which aims to provide borrowers with a better experience in a tough lending environment, LendInvest is an ideal fit.”

LendInvest’s lending model aims to create a cleaner, quicker and more flexible borrower experience for professional property investors and developers. Leveraging its team’s mortgage underwriting experience, loan servicing track record and proprietary technology-enabled tools and processes, the company targets the demands of professional bridging finance borrowers, who frequently require rapid turnaround times. LendInvest believes it has filled a funding gap in the UK’s mortgage market. As at 31 March 2017, the total principal amount of loans provided by the Group since it commenced operations in 2008 (excluding extensions) was £811.34 million.

“It’s great to be working with Syndicate Room as one of our Authorised Offerors in what we think is a first tie-up of its kind between two fintech businesses,” indicated LendInvest Co-Founder & CEO Christian Faes. “The company’s partnership with the London Stock Exchange made SyndicateRoom a natural fit to join us for the deal. This is the first time we have seen newer fintech platforms working closely alongside the old guard of the investment management world to provide access to investment opportunities in this way, and it’s working well.”

The offer will close in SyndicateRoom’s platform on 2 August at midnight. The bond’s total offer period is expected to close on 4 August at noon.

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