Exeter Finance celebrates ten year partnership with Shawbrook

• Set up in 2013, Exeter Finance is a specialist provider of loan facilities for the property market in the South West of England.
• Shawbrook provided a credit facility a year later and has continued to support the client’s continued growth with an increased facility which is now at £30m.
• The client reached its decennial last year and is now celebrating a ten year partnership with Shawbrook, having to date supported the regional economy with over £250m in funding for local property businesses.

April 2024 – Hot on the heels of celebrating a decade in the property lending sector in 2023, Exeter Finance have now reached a further milestone with a ten year collaboration with Shawbrook.

Exeter Finance is a specialist provider of loan facilities in the South West and was established by Peter Keech in 2013 to serve the local property market with a personal and efficient approach. The business has arranged over 700 loans to date, 130 of these current, and delivered over £250million to fund bridging loans, auction purchases and development projects.

The team at Exeter Finance recognised the value of having their own pool of funds to deliver an optimal  service for their clients, and they approached Shawbrook to secure a funding line very early on in their establishment.  Shawbrook’s Speciality Finance team took the time to understand Exeter Finance’s business model and ambitions, initially providing a bespoke £750k block discounting line.

The business has grown substantially, through direct origination, introducers and building longstanding relationships with customers, predominantly throughout Devon and Cornwall. Shawbrook has maintained its support throughout the past decade, increasing its lending commitment to £30m, aligning to Exeter Finance's requirements and reflecting the needs of the business today.

Peter adds, "We have also seen a boom in the South West over the last few years, which in turn impacted on demand. Mark, Warren and the team there have maintained a great partnership with us over the last ten years, assisting with an increased facility as the business grew. We would not be where we are today without the unwavering support of Shawbrook."

Warren Mutch, Head of Speciality Finance said, “Peter and his team had a very clear strategy right from the start and this was critical to our arranging the initial funding package. Their expertise and investment in local businesses has been fundamental to their success over the last decade and we have watched the team go from strength to strength.

Warren added, “We are delighted to have supported the growth of Exeter Finance and be celebrating a joint 10th anniversary and look forward to seeing the business continue its growth trajectory in the South West region.”