The funding will finance the refurbishment and upcycle of old housing stock back into circulation across the UK.
This partnership increases LendInvest’s funds under management by £100m — bringing the total to £3.7bn.
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The announcement follows recent news that in April, Wells Fargo joined the company as its latest funding partner for its BTL business.
Rod Lockhart, chief executive officer at LendInvest (pictured above), commented: “We are thrilled to welcome BNP Paribas to our growing roster of global financial partners and institutional investors.”
“Housing supply is a fundamental issue in the UK at the moment and our short-term mortgages play a key role in addressing this — by helping developers refurbish and upgrade old housing stock.”
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