Specialist lender Catalyst has secured a new £750m investment capacity to fund its short-term bridging and refurbishment products.
Committed over three years, the new funding agreement is with an institutional-grade US credit platform.
Catalyst, founded in 2017, provides first charge lending to 80% loan-to-value (LTV) and second charge to 70% LTV.
The lender suggested its new funding can expand its capabilities as the firm looks to grow its bridging and refurbishment loan book by distributing short-term finance to property developers and investors via mortgage intermediaries.
Catalyst CEO, Chris Fairfax, said: “Securing £750m investment is testament to the confidence our funding partners have in the Catalyst platform and, more importantly, in the brilliant work of my team who continue to deliver amazing results, with zero capital loss, during what has certainly been a challenging market.
“As ever, we have exciting growth plans and are ready to disrupt the specialist lending market with product innovation and meaningful solutions for our broker partners.”
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