Hope Capital unveils new funding line
Specialist short-term lender, 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 is an established bridging lender, providing a multitude of options for a range of purposes across residential, semi-commercial, commercial and land projects. The lenders 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.”
Hope Capital recently announced it had achieved another company record, with Q3 confirmed as the lender’s most successful quarter to date since it was established in 2011. The firm recorded a series of impressive results, with a 100% increase in loan book versus 2022 Q3, and 19% increase in the loan book versus 2023 Q2.
Kate continued: “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.”
