Shawbrook Bank supports Ingenious Real Estate Finance with £25m revolving credit facility


Shawbrook bridging loan

Ingenious today announces that Ingenious Real Estate Finance has secured a £25m revolving credit facility from Shawbrook Bank, the specialist UK savings and lending bank, to support the growth of its development and bridging loan portfolio.

The wider Ingenious Group was founded in 1998 and is one of the UK’s leading private alternative investors, having managed the deployment of over £9bn across the real estate, infrastructure, media and education sectors.

Ingenious Real Estate Finance is focused on mid-market stretched senior and bridging finance on residential and commercial development projects located primarily in London, the South East and other major regional centres of England and Wales and their commuter belts.

The growth of Ingenious Real Estate Finance’s development and bridging finance portfolio is being supported by Shawbrook Bank’s Specialist Wholesale team. Shawbrook has provided a bespoke facility to meet specific funding requirements.

Howard Sefton, Investment Director at Ingenious, said:

“Ingenious Real Estate Finance is delighted to announce this new key strategic partnership with Shawbrook Bank.

The new term revolving credit facility will assist in funding further growth in our real estate backed development and bridge finance business in 2021 and beyond.”

Stuart Mogg, Corporate Finance Director at EY, said:

“We are delighted to have supported the team at Ingenious on such an important capital raise. It has been a pleasure working with Tom, Howard and Wensde along with the rest of the Ingenious team.

We look forward to working with them again in the future.

Executing the deal under remote working conditions demonstrates our flexible approach and ability to adapt to a complex situation and help support our clients.

I would also like the thank the teams at Shawbrook, Travers Smith and Ashurst for adapting their approaches during this challenging time.”

Warren Mutch, Structured Finance Senior Director at Shawbrook Bank, said:

“Ingenious Real Estate Finance is a well-established lender that is expanding its footprint in the development finance market.

We have been very impressed with their offering and management team and look forward to working with them.

Equally, we continue to enjoy a strong relationship with EY’s Debt Advisory team as a regular introducer of funding opportunities and we are pleased to get 2021 off to a strong start with them.”