Hope Capital has secured additional funding from Shawbrook Bank, which is reveals is in the “multi-million-pound” bracket.
The short-term lender says the expanded facility will allow it increase its funding capabilities significantly.
This marks Hope Capital’s second increase with Shawbrook within 12 months, which is says will be instrumental in diversifying the type of loans it can offer.
Hope Capital’s bridging range is currently available up to £5m, across residential, semi-commercial and commercial property types, offering up to 80% LTV with rates starting from 0.85% across England, Wales and Scotland.
“this additional institutional funding demonstrates our commitment to facilitate further lending growth”
Kate Cowan (pictured), chief financial officer at Hope Capital, said: “Thanks to the continued support from Shawbrook Bank, this positions us fantastically as we anticipate achieving our most successful year to date in 2025.
“Having supported a diverse range of borrowers’ projects this year, this additional institutional funding demonstrates our commitment to facilitate further lending growth.
“Securing the right mix of funding is crucial; and this new facility positions us extremely well, as we continue with our exciting trajectory. We’re very grateful to collaborate with the team at Shawbrook Bank who share our outlook for providing high-quality loans to help fuel the UK property market.”
Warren Mutch, head of specialty finance at Shawbrook, added: “We are thrilled to be part of Hope Capital’s growth journey. Over the past 12 months, they have made impressive strides as a specialist lending business, and we are delighted to extend our support further with this increased facility.
“We look forward to seeing the new heights Hope Capital will reach in the coming year as they continue to support more clients and help boost the UK property market.”
