"We’re now in an even better position to help our brokers and borrowers who are looking for tailored bridging loans"
- Kate Cowan, chief financial officer at Hope Capital
Hope Capital has secured a committed facility delivering up to £25m in funding from Shawbrook Bank.
This multi-million-pound facility is the latest funding line acquired by the lender and will be key in supporting Hope Capital’s ambitions as it looks to develop its proposition and achieve further growth.
Hope Capital provides bridging options for a range of purposes across residential, semi-commercial, commercial and land projects. Rates start from 0.89%, with up to 75% LTV available across England, Wales and Scotland.
Kate Cowan, chief financial officer at Hope Capital, commented: “The provision of this new funding is extremely well timed to support our growth plans. We’re now in an even better position to help our brokers and borrowers who are looking for tailored bridging loans, which sets us up ideally as we look to our strategy for 2024.
“We’re experiencing an extremely successful period, with significant growth in enquiries and completions. To have Shawbrook join our funding panel will be instrumental and we’re very grateful to their team for this fantastic opportunity.”
Warren Mutch, head of speciality finance at Shawbrook, added: “We’re delighted to be supporting Jonathan, Kate and the team at Hope. The business is highly regarded in its market and well positioned for growth, and our committed funding line is targeted to support them into 2024 and beyond.”
