Hope Capital Property Finance has renewed and increased its committed senior funding line facilitated by Triple Point to £75m.
This latest milestone builds on a strong and longstanding relationship between the two firms, which began in 2018 when Hope Capital first secured an initial £10m facility. The line was subsequently increased to £45m.
The additional £30m marks the second increase to the line originated by the investment manager.
The enhanced funding line will enable Hope Capital to further diversify its product offering, providing more flexible and bespoke finance solutions tailored to the evolving needs of brokers and property investors.
Ellis Diamanti, head of specialty finance at Triple Point, said: "Hope Capital has been a valued partner of Triple Point for many years, and we are delighted to renew and expand our support through this enhanced facility. The senior leadership team has consistently demonstrated strong underwriting discipline, deep sector expertise and a robust approach to risk, all of which are reflected in the resilient performance of the portfolio. This renewed facility underscores our commitment to backing high-quality non-bank lenders with the scale, structure and flexibility they need for sustainable growth."
Kate Cowan (pictured), chief financial and operating officer at Hope Capital, commented: "This facility not only strengthens our loan book but builds on recent increases from other funding lines and further facilities in progress. It reinforces lender confidence in our strategy and enables us to continue delivering market-leading bridging loan solutions to our broker partners and their clients as we accelerate into the next stage of growth."
Jonathan Sealey (pictured), CEO at Hope Capital, added: "We're proud of the relationship we've built with Triple Point. This renewed and increased facility is a strong endorsement of our strategy, our track record, and the confidence placed in our business. It will play a key role in enabling us to broaden our offering and continue delivering fast, flexible solutions for our broker partners and their clients. It also further complements our existing funding arrangements, enhancing the resilience and flexibility of our overall funding platform as we continue to scale."
