Shawbrook Bank supports MSP Capital Ltd with latest stage of growth11 June 2018
Shawbrook Bank alongside Insight Investment are delighted to announce the completion of an increase in its senior debt facilities to £60m for MSP Capital, the owner-managed dedicated property funder, which specialises in secured short-term bridging and development loans.
The deal will form part of a diversified funding structure that also includes private loan note investors and a mezzanine debt facility.
MSP Capital’s loan book first exceeded £100m in March 2018, and the increased senior debt facilities provide significant headroom for further growth.
The team at Shawbrook received excellent feedback from MSP in respect of our flexibility, and in particular our ability to leverage the knowledge and expertise we have across the Bank.
Lucinda Yeo, Director, Shawbrook Bank said: “At Shawbrook we've worked closely with the team at MSP Capital since 2016 and supported their significant growth. We believe the markets and clients they serve continue to demand the access to funding and high levels of service that MSP can offer, and we're delighted to extend the level of funding we provide."
Martin Higgins, Managing Director of MSP Capital said: “We are delighted that our existing funders have increased their support for MSP Capital. This transaction is another key milestone in achieving our growth ambitions for the coming years, and builds on our successful 30-year track record of lending in the UK property sector.’’