This marks the first venture launched by his fintech investment firm, Faes & Co.
F2 Finance has joined with technology partners to build a scalable platform to lend into the American ‘fix & flip’ short-term property market, estimated to be worth as much as $68bn a year.
The company has been lending since April, working with a select group of introducers, and while currently focused on markets in California, Texas and Florida, F2 Finance is now launching to the wider market with the goal of becoming a nationwide bridging lender.
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Christian commented: “We’re looking forward to the challenge of building and scaling a short-term mortgage lender in the US.
“It’s a huge market that’s going through a period of significant disruption at the moment — very much like when we set up LendInvest in the UK back in 2008.
“We believe that this disruption presents a particularly interesting opportunity to enter this market at this time.
“With this, we will be launching a portfolio of unique and innovative products that sit outside the usual credit box and constraints that most of the market conforms to here.”
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