The specialist lender launched in the UK eight months ago and offers residential, mixed-use and commercial bridging, light and heavy refurbishment, development exit, vacant land and ground-up development finance.
The funding comes from a European debt fund. The business said getting institutional funding line at this early stage is a rare achievement for a new lender.
Pallas Capital said the new facility adds to its existing funding partnerships.
Ben Keenan, executive director at Pallas Capital, said: “To secure a funding line of this size so soon is something we’re immensely proud of.
“It’s a strong endorsement of the platform we’ve built, the calibre of the team behind it, and the discipline of our underwriting.
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“Institutional partners of this standing do not commit capital lightly, and their confidence gives our brokers and borrowers real certainty that we have the backing and the commitment to support them for the long term.
“This facility significantly increases our firepower in the UK market. It means we can say yes to more transactions, move with even greater speed and certainty, and continue building the long-term broker relationships that are central to how we do business.”
