The lender hopes this new funding line will help position itself as an end-to-end funder, supporting both bridging and development-orientated brokers.
Francesco Prelorenzo, investment manager at Lendhub, commented: “We’ve reached a pivotal point in our growth, with record lending volumes and a bigger team than ever before.
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“This new funding line is the natural next step, giving us the capacity to build on that momentum and support more ground-up projects.”
Christopher Adamou, CEO and founder of Lendhub (pictured above), said: “We’ve been on both sides of development, both as funders and as developers.
“That experience gives us a perspective many lenders don’t have, and it underpins the way we assess and structure every deal.
“With this new capacity, we can bring that knowledge to more projects, giving brokers and developers confidence that they’re working with a partner who truly understands development.”
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