Invest & Fund’s head of lender relationships leaves the platform
Invest & Fund’s head of lender relationships Graham Martin has left the peer-to-peer property lending platform after approximately nine months in the role.
Peer2Peer Finance News understands that Martin, who joined the platform in March, left the lender on 30 November. A replacement has yet to be named.
“He came out to retirement for us after leaving BondMason and has been great for us,” said David Turner, co-founder and chief executive of Invest & Fund.
“As the business is becoming busier and busier, he felt his time is done and he’s left for retirement until his next venture.
“At the moment Shaheel Tulsidas (client account manager) and I are looking after lender relations and going forward we’ll look for someone who shares our vision to take the head of lender relationships role full-time.”
Read more: Top five P2P property platform milestones this year
In September, the alternative lender announced a seven-year partnership with Homes England to increase the amount of finance available to small- and medium-sized enterprise (SME) developers.
Invest & Fund said the partnership will create a £25m revolving fund which will be used to provide constriction loans of between £400,000 and £2.5m, at up to 80 per cent loan-to-cost.
These funds will be available exclusively to SME property developers working on housing projects which will include at least two new homes.
In July, Invest & Fund became the eighth platform to achieve a five-star score from financial ratings platform Defaqto, joining RateSetter and CrowdProperty in the list.
Read more: Future trends in P2P property lending
In June, the platform launched its Innovative Finance ISA (IFISA) – which offers investors target returns of 7.5 per cent from residential property developments – to the general public, after previously introducing it on a selected basis in November last year.
Two months later, Invest & Fund said the new IFISA had received huge demand, attracting new investors to the platform, with most lenders putting in the full £20,000.
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