Specialist lender ScotLend has secured a £20m facility from Shawbrook to bolster its national footprint in the bridging finance market.
Bridging finance lender, ScotLend had grown substantially in its home country of Scotland during its first year of trade and had ambitious plans to become a nationwide funder.
Marking a significant milestone as their first deal for a Scottish-based lender, Shawbrook’s Speciality Finance team structured a £20m revolving credit facility that combined a £10m funding line and a £10m accordian to facilitate ScotLend’s immediate and longer-term expansion plans.
Shawbrook’s Revolving Credit Facilities Highlights:
- Committed and uncommitted facilities between £10m – £50m
- Terms of 1 – 5 years
- Senior, super senior, revolving and amortising structure
If you are a specialist lender looking for a long-term funding partner to support your ongoing plans for growth, reach out to our expert team today.
Find out More