Charles Street Finance to support more clients in UK secured property loan market
Charles Street Finance was looking to expand its facilities to meet demand and further support the UK secured property loan market. Shawbrook structured a funding line to support Charles Street Finance with their growth.
At a glance
Charles Street Finance Holdings Limited (Charles Street Finance) is set to support more clients with property finance as its investment arm, Charles Street Commercial Investments Limited (CSCI) signs up to a new senior secured facility agreement which sees Shawbrook joining its banking group.
The facility will enable Charles Street Finance to deliver its medium term growth strategy as it maintains a focus on underserved segments of the UK secured property loan market.
The client will continue to provide bridge finance, development finance and term debt to property owners, property professionals, property landlords, property developers and UK based SME’s.
The specialist lender is looking to grow its loan book by developing deep, long lasting relationships with its clients and providing bespoke products backed up by speed of delivery, good old fashioned values and common sense relationship lending.
Shawbrook will join CSCI’s funding group which also includes NatWest Bank, Insight Investments, Lloyds Bank and Castle Trust Bank.
We have known of Shawbrook’s reputation in the property and wholesale funding markets for a long time, both in terms of their expertise and flexibility. We are very pleased to be working with their Speciality Finance team on this new funding line.
“We are equally delighted to continue the long standing, excellent relationship we have built with Lloyds Bank who are taking this opportunity to increase their commitment under the facility, and delighted to have the continued support of Castle Trust Bank, Insight Investments, and NatWest Bank, the latter two having supported CSCI since its loan market debut in 2018.
“During the due diligence process all our funders took time to develop a deep understanding of our business and we view their continued support as a positive endorsement of our people, our business strategy and our plans for the future.
“We look forward to working with these key stakeholders and are committed to ensuring our relationship with each is transparent, well informed and deepens over time.”
James Hill, Director at Shawbrook, said,
“Like Shawbrook, Charles Street Finance has a strong relationship-driven approach with sector expertise and speed of decision as key differentiators. This excellent fit has naturally led to our joining their banking group and we look forward to seeing the business grow as it goes from strength to strength.”
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