Bridgebank Capital has revealed that it has completed a new line of investment.

The bridging lending says the new funds provide it with the funding capacity to secure significant growth in its loan book next year.

In addition, it says the new funds are only the first part of a “multi faceted package of funding currently being finalised”. Bridgebank Capital says it will experience growth into other lending products in 2013 due to the new funding arrangement.

“Having placed a huge amount of effort and commitment into securing the right structure of investment business, I’m delighted to have secured this first tranche of funding,” said Laurence Goodman, Managing Director at Bridgebank Capital.