One Savings Bank contributes £50m to Oblix Capital funding

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  • 11/06/2018
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One Savings Bank contributes £50m to Oblix Capital funding
One Savings Bank (OSB) has supplied £50m in funding to Oblix Capital to support its bridging and development finance lending.

 

Oblix Capital said the new funding line together with its own proprietary funds will allow the lender to grow its product range and appetite.

Its CEO Rishi Passia (pictured) said: “We have witnessed exceptional growth over the past four years, and we’re very much excited about this new partnership as we look to further fulfil our strategic ambitions.”

Managing director Anuj Nehra said: “The added capacity provides us with over £100m of funding and allows us to deploy our capital wisely.

He added that this was a big step forward for the lender. “We have had to step up collectively as a team and I am happy to say that the team responded brilliantly,” he said.

OneSavings Bank head of secured finance Steve Attree added: “OSB has been providing senior secured funding lines to experienced, good quality lenders in the specialty finance sector for the past four years and we are pleased to welcome Oblix Capital as a new relationship.”

 

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