LendInvest Mortgages, a UK-based asset manager, recently announced a substantial funding injection into a residential development project in Wales. The London Stock Exchange-listed firm, trading under the ticker LINV, is lending £10.9m to transform a former college building and two other structures in Caerleon. Acorn Property Group is managing the development.
Thanks to LendInvest’s loan, the project will become a reality. The development will significantly enrich the area’s housing market and stimulate the local economy. Furthermore, it highlights LendInvest’s dedication to backing property development across the UK.
LendInvest, known for its property finance focus, offers a variety of financial products and services tailored to the property sector. These include development finance, bridging finance, and buy-to-let mortgages. Their innovative and flexible finance approach supports developers and investors throughout their property journey.
Property Development in Caerleon
Caerleon, a South Wales town, will reap substantial benefits from this residential development. The project will convert a former college building and two other structures into modern residential units, providing much-needed housing and breathing new life into the former educational site.
Acorn Property Group, the developer spearheading the project, is recognised for their high-quality developments across the UK. Their proven track record in delivering successful residential projects makes them a dependable partner for LendInvest. The collaboration between both firms is likely to generate positive results, benefiting the local community and stakeholders alike.
LendInvest’s funding will play a pivotal role in the project’s success. It showcases the asset manager’s pledge to offer effective financial solutions to property developers. Consequently, it fuels the growth and development of the UK’s property market, a sector that LendInvest consistently supports.
