Shawbrook has increased the maximum loan size across their prime second charge mortgage proposition, with changes impacting the 75% and 85% LTV bands.
It is business as usual for the second charge market as a third national lockdown has been enforced, according to the latest Secured Loan Index by Loans Warehouse.
This will be the 16th build-to-rent site and second in Birmingham for the Legal & General build-to-rent fund, with this development taking its total investment in the sector to £2.1bn.
The bridging market is showing encouraging signs of activity as investors look to add value or yield, according to the latest Bridging Market Bulletin from Shawbrook Bank.
Propp specialises in bridging finance and commercial mortgages, and hopes to simplify the process for borrowers and brokers whilst driving competition amongst lenders.
Benson was hugely respected and well liked throughout the industry and will be sorely missed.
Glenhawk has agreed to a £25m mezzanine funding line with global private investment firm Balbec Capital.
Bridging lender Tuscan Capital has provided the facility in a five-week turnaround.
This marks a significant milestone for the loans and leases business with the lender distributing over £120m of loans to SMEs since its accreditation to the government’s CBILS in May.
The lender worked with Watts Commercial Finance to complete the £1.18m bridging loan in advance of their client’s target date.