Quantum said the additional funding would expand its lending capacity and allow it to support larger loan sizes, with the capital set to be deployed across both new and existing schemes in its pipeline.
Founded in London in 2023, Quantum provides development and bridging finance to SME housebuilders across England and Wales.
The lender has been backed since its launch by funds managed by AB CarVal, which acts as both a shareholder and primary funding partner.
Rob Sinclair, principal at AB CarVal, said: “We’ve supported Quantum Development Finance since day one, and this expanded facility represents an important next step in the platform’s growth.”
He added: “The quality of Quantum’s existing loan book is high, and the fact that 80% of its borrowers are repeat or direct clients stands out. The expanded funding and product set should allow the team to build on that model and better serve the needs of UK property developers and investors.”
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Oliver Thompson (pictured, far right), co-founder and chief executive of Quantum, said the facility was a significant endorsement of the business and its growth plans.
He said: “Goldman Sachs’ approval of this facility is a positive signal for the Quantum team as we focus on building an alternative credit platform with bank-level operational rigour.
“It’s also a huge endorsement of the team we’ve built and the discipline we bring to every deal and to the operational running of the business.
“For our clients and partners, these large, long-term commitments from established funding partners Goldman Sachs and AB CarVal are a clear signal that Quantum has the appetite and readiness to continue backing high-quality developers and property investors at every stage of their journey.”
Thompson added that expanding the firm’s product range from acquisition through to post-completion lending had long been a key part of its growth strategy.
“At Quantum, we’re focused on designing a lending business with our borrowers in mind. The foundations are now in place for the next phase of our fast and sustainable growth plan,” he said.
