Bridging
Together extends bridging funding to £200m with Goldman Sachs
Together Financial Services has refinanced a £90m Delta revolving securitisation programme with a £200m facility due to mature in 2023.
The programme is supported by Goldman Sachs Private Capital and was originally launched in January 2017 to fund the origination of residential and commercial bridging loans.
Together has raised or refinanced almost £3bn of debt facilities over the last twelve months.
It said this would provide greater depth and diversity to the group’s funding profile and further support its growth ambitions.
In February Together revealed its lending rose by 28 per cent to hit £1.8bn in 2018.
How to get your first-time buyer clients mortgage ready
Sponsored by Halifax Intermediaries
Gary Beckett, group managing director and chief treasury officer, said: “We are delighted to announce the successful refinancing of our Delta securitisation facility, providing a further £110m of liquidity to support our bridging loan portfolio and extending maturity to 2023 adding further depth of maturity across our funding platform.”