UK based online real estate lender LendInvest has securitized $328mn of UK prime Buy-to-Let mortgage loans; Christian Faes, Co-Founder and CEO of LendInvest tells AltFi, “This securitization provides us with funding that is cheaper than if we were a small deposit-taking bank, and proves out our business model and its scalability.”; 83 percent of the deal was rated AAA by both Moody’s and Fitch and the senior tranche was priced at 130bps over the Sterling Overnight Index Average. Source.
Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.