Whitehall Capital secures further funding from Downing LLP

By Bridging Loan Directory 24th July 2023

Whitehall Capital, a leading provider of bridge and development finance and Downing LLP, a responsible investment manager, have announced an expansion of their strategic partnership.

Whitehall Capital has successfully upsized its funding line with Downing LLP by 50% in Q2 2023. This increase demonstrates the strength of the relationship between the two organisations.

The two first entered into a funding agreement in Q2 2022 whereby Downing provides wholesale funds to support Whitehall Capital’s origination activities. By increasing this funding line, Whitehall Capital reinforces its commitment to delivering exceptional service to their valued clients.

This development will result in a more streamlined borrowing experience, empowering the broker community and real estate investors to seize opportunities swiftly and efficiently, with even greater certainty of funds.

This increased funding line marks a significant milestone in Whitehall Capital and Downing’s joint efforts to meet the evolving needs of businesses seeking financial support.

Anthony Bodenstein, Managing Partner at Whitehall, said:

“This expansion of commitments for Downing’s Wholesale Finance team is a testament to their successful collaboration with key industry players.

As traditional lenders continue to pull back from the mid-market space, we see a sizeable opportunity to fill that funding gap and capture additional market share.

The fact that we have been able to add additional wholesale funding sources in a time of material market uncertainty speaks to the quality of our underwriting and the strength of our network with brokers and borrowers, whose business we rely on to deploy capital safely.”

“We are delighted to announce the expansion of our funding line with Whitehall Capital,” said Nigel Alexander, Investment Director at Downing LLP.

“We believe that by strengthening our partnership with Whitehall Capital, we can continue to make a positive impact on the business community, supporting their growth and success.”