Hope Capital secures new funding line with Shawbrook Bank
Specialist short-term lender, Hope Capital, has secured a committed facility delivering up to £25m in funding from Shawbrook Bank.
This multi-million-pound facility is the latest funding line acquired by the lender and will be key in supporting Hope Capital’s ambitions as it looks to develop its proposition and achieve further growth.
Hope Capital is an established bridging lender, providing a multitude of options for a range of purposes across residential, semi-commercial, commercial and land projects.
The lender’s rates start from 0.89%, with up to 75% LTV available across England, Wales and Scotland.
Kate Cowan, Chief Financial Officer, at Hope Capital, commented:
“The provision of this new funding is extremely well timed to support our growth plans.
Hope Capital recently announced it had achieved another company record, with Q3 confirmed as the lender’s most successful quarter to date since it was established in 2011.
The firm recorded a series of impressive results, with a 100% increase in loan book versus 2022 Q3, and 19% increase in the loan book versus 2023 Q2.
“We’re experiencing an extremely successful period, with significant growth in enquiries and completions.
To have Shawbrook join our funding panel will be instrumental and we’re very grateful to their team for this fantastic opportunity.”
Warren Mutch, Head of Speciality Finance at Shawbrook, commented:
“We’re delighted to be supporting Jonathan, Kate and the team at Hope.
The business is highly regarded in its market and well positioned for growth, and our committed funding line is targeted to support them into 2024 and beyond.”