Lendco renews £300m warehouse facility
By Bridging Loan Directory
Lendco has renewed its £300m BTL Warehouse facility with BNP Paribas and HSBC.
The deal allows the company to fund its new originations for a further 3 years as it grows its loan book beyond £1.5bn.
Commenting on the deal, Adrian Scragg, Director of Treasury, Capital Markets, and ESG of Lendco, says:
“We are delighted to have renewed our warehouse facility, which continues our deep-rooted partnership with BNPP and HSBC who have believed in and supported our business through some challenging economic times.
Our funding platform is nicely positioned to support the business on its continued growth trajectory.”
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