Specialist lender Catalyst has secured a further £750m investment capacity to back its short-term bridging and refurbishment products.
The funding agreement is committed over three years and is with an institutional-grade US credit platform.
The agreement will allow Catalyst to grow its lending capabilities, and it will grow its bridging and refurbishment loan book by lending to developers and investors through mortgage intermediaries.
The lender was founded in 2017 and offers first charge lending up to 80% loan to value (LTV) and second charge up to 70% LTV.
Chris Fairfax (pictured), CEO at Catalyst, says: “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.”
Catalyst has created an internal business development management team and hired a servicing manager.
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.