Spring Finance launched its whole of market bridging proposition last month and this completion is one of a number of proposed funding lines that will support the strategic growth plans of the business.
The initial product offering from Spring includes regulated, unregulated, first and second charge, complex credit, heavy refurbishment and light development loans.
Andrew Bloom, Spring’s owner, commented: “I am delighted to have completed on our bridging funding line with NatWest. Spring, and myself personally, has had a long-standing relationship with NatWest and this bridging funding line was an obvious first step in funding Spring’s ambitious growth plans. It’s a credit to the strength of Spring’s bridging team that NatWest have confidence in the experience of the people involved and its bridging offering. We look forward to working closely with the team at NatWest over the coming months and years as the business grows.”
Katie Fazackerley, director of speciality finance at NatWest, added: “NatWest is delighted to have supported Spring Finance in another key milestone for the group. The facility will support the group’s growth ambitions and aligns to NatWest’s Purpose strategy in supporting the needs of businesses and consumers across the UK.”
