Montello surges through £250m a year mark

By Bridging Loan Directory 23rd June 2014

London-based real estate lender, Montello Finance, have surged through the £250m a year threshold claiming it is now one of the most active bridging lenders in the UK. New figures released today, reveal that Montello have consistently been lending over £20m each month in the Buy-To-Let market, with lending growing quarter on quarter.

Montello has boasted in the past that it is one of the most innovative lenders in the UK real estate finance market. This comes off the back of the peer-to-peer platform, LendInvest, which was ‘incubated’ out of Montello and officially launched last year. LendInvest has funded over £70m of property transactions in its first year of operation, and is receiving over £1m each week in new investment onto the platform.

Montello has a number of different funding avenues, and prides itself on being one of the most flexible lenders in the marketplace. Late last year Montello launched its third fund, the Montello Real Estate Opportunity Fund, which was set up in Luxembourg with global real estate powerhouse CBRE. This fund is being actively marketed globally, with recent road-shows through Asia, the Middle East and continental Europe proving the fund to be very popular with investors.

Christian Faes, Managing Director of Montello, commented:
“We are definitely one of the most active lenders in the Buy-To-Let short-term bridging finance market.

We now have 7 different avenues for funding our loan book, and whilst short-term bridging finance is very much at the core of Montello is about, we have moved to become a mainstream real estate lender.

We are seeing excellent in-flows to our Montello funds, and LendInvest is becoming extremely popular with investors. As a result, it is fair to say that we have a very healthy appetite for financing real estate transactions throughout England, and will continue to grow our loan book in this opportune environment.”