Zenzic Capital secures funding line with Shawbrook Bank

By Bridging Loan Directory 18th May 2023

Zenzic Capital, a real estate credit investment manager based in London, is poised for expansion, with funding provided by Shawbrook to support its growth plans.

Zenzic Capital is a real estate credit investment manager with a diverse funding capability, providing both single-site and platform level funding across acquisition, development, and special situations in the UK and across Western Europe.

With a strong track record of performance, Zenzic is now looking to its next phase of growth, planning to expand the business into new areas within its market.

This will include adding new funding products to its arsenal such as mezzanine financing.

The funding package agreed with Shawbrook includes a multi-million pound Revolving Credit Facility that will provide Zenzic the ability to scale sustainably and meet its needs as a growing enterprise including a planned expansion into new sites.

The teams at Shawbrook and Zenzic Capital have built a strong relationship over the course of several years, helping Shawbrook to build a greater insight into the operations and performance of the lender.

The strength of this relationship, coupled with Shawbrook’s extensive knowledge of the development finance sector and the flexible terms they were able to offer, were key determinants in Zenzic’s decision to choose Shawbrook as their funding partners.

Nadine Buckland, MD of Zenzic Capital said:

“We are delighted to have secured a funding line from Shawbrook.

The team there understood our objectives in meeting our clients’ needs and crafted a solution that provides the bandwidth for our longer-term growth plans.

This partnership is testimony to our team which supports UK developers and the funding is perfectly timed as we grow our business.

Extending our funding lines will enable us to help more developers realise their potential at this crucial time of the economy.

Property development is a key element of the backbone of the U.K.’s economy, and with a majority of our customers requiring repeat funding, we will be able to continue to see to their needs.”

Ismail Farhat, Director of Structured Finance at Shawbrook, said:

“Zenzic Capital is a rapidly growing enterprise who have all the hallmarks of a successful developmental lender.

We have been impressed with the team’s track record, particularly throughout the covid-19 pandemic where they maintained their loan book performance despite the obvious challenges.

The team are hands on in their approach to lending, which chimes with our own ethos as a lender, and we’re looking forward to supporting them as they scale.”

Travers Smith Law Firm acted for Shawbrook on the deal.