Breeze Capital secures funding line with Shawbrook Bank
Breeze Capital, a Chester based bridging and development finance lender owned by the Padley group, has secured a funding facility from Shawbrook to enhance its product offering and expand its support in the sector.
The full terms of the deal include an uncommitted Revolving Credit Facility with an annual renewing availability period to ensure maximum flexibility.
Breeze Capital now has access to additional funding capabilities that will be utilised to enhance their product offering which includes residential, commercial and refurbishment bridging and development finance.
The company focuses on lending to Small and Medium Sized Enterprises in the Midlands and North of England.
Breeze Capital is a re-launch of Padley’s property lending operation and merges its capital backing with a highly experienced management team.
The management team is led by Managing Director Mark Harrison who has nearly 30 years of property lending experience, and Director of Credit Risk, Natalie Smethurst, who has over 20 years of experience in the sector.
The team at Shawbrook were chosen by Breeze Capital based on the strength of their relationship with the management team as well as the team’s ability to offer a highly flexible package that will support Breeze Capital not only in its early stages but also as it scales up in the future.
Mark Harrison, Managing Director, and Co-Founder of Breeze Capital said:
“I want to extend my gratitude to Warren and the whole team over at Shawbrook who have put together an unrivalled package, which not only ticks all the boxes but allows us the flexibility needed to ensure we can offer the best services possible to our clients whilst we continue to develop.
Shawbrook’s market experience and track record of supporting companies like us stood out for us and made them obvious partners.
At Breeze Capital, we are entering an exciting period of growth and this additional backing from Shawbrook is perfectly timed to allow us to continue to enhance our top of the range product offering within the bridging and development space.
We very much look forward to working with them again in the future.”
Warren Mutch, Director of Speciality Finance at Shawbrook, said:
“Whilst Breeze Capital is still a relative newcomer to the bridging and development finance sector, the mix of having a highly experienced management team alongside strong capital backing from Padley made the business a natural fit for us to partner with.
The property finance sector offers a great deal of growth potential, specifically in the refurbishment and development lending space.
At Shawbrook we pride ourselves on supporting businesses, not based on the length of time they have spent in the market but on their merits and potential.”
It has been a pleasure to work with Mark and the team on this deal, we wish them the best of luck going forward and are excited to work with them in the future.”
Fieldfisher provided legal counsel on behalf of Shawbrook for the deal.