Shawbrook has extended a multi-million-pound facility increase for development finance lender Magnet Capital. This enhancement will significantly expand Magnet Capital’s reach and support its growth plans.
Since our partnership began in 2018, Shawbrook has increased Magnet Capital’s Revolving Credit Facility from £5 million to £25 million. During this time, the business has redeemed over £60 million in loans and provided invaluable support to smaller builders and developers, often underserved by mainstream lenders.
Magnet Capital is now set to support clients with larger development projects – having historically focussed on smaller schemes – and continue its impressive growth.
Shawbrook Revolving Credit Facility 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.
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