Catalyst extends three funding lines with £750m capacity
Catalyst extends three funding lines with £750m capacity
Catalyst, the specialist lender, today announced that it has secured a further £750m investment capacity to fund its short-term bridging and refurbishment products.
Committed over 3 years, the new funding agreement with an institutional-grade US credit platform enables Catalyst to expand its lending capabilities. The lender will grow its bridging and refurbishment loan book by distributing competitive short-term finance to property developers and investors via mortgage intermediaries.
Catalyst, founded in 2017, provides first charge lending to 80% LTV and second charge to 70% LTV. All security is considered, except land without planning.
Chris Fairfax, 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”.
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