The specialist residential development finance platform offered the bridge-to-sale facility to its marketplace in December and took less than a day to fill it.
Investors provided the funds in three hours and 33 minutes.
The funding comes alongside a £75,000 facility drawdown that filled in 24 minutes in early December and a £100,000 facility which was raised in a day over the Christmas and new year period.
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“The speed of fulfilment shows lender appetite for good-quality opportunities continues to be very strong and our lenders are well placed to fund a wide range of loans,” said David Turner, co-founder and CEO of Invest & Fund (pictured above).
To encourage more residential development and bridging loans via brokers and to help meet ongoing lender demand, Invest & Fund is offering brokers an extra £5,000 commission bonus incentive during January.
Invest & Fund will pay the extra commission on all £1m-plus loans introduced in January 2018 and funded by the end of April 2018.
David added: “We want to keep building our profile as a highly reliable and professional source of property development finance and a business that can help brokers and developers get the job done.”
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