Shawbrook’s development finance business has provided more than £2bn in funding for property developers in the UK, fuelling 500 developments, more than 7,800 new homes, and more than 1,200 student units.
Projects included a 5-year funding arrangement for the construction of three state-of-the-art 66-bed care homes, and the provision of a flexible funding arrangement for a modern 46-unit housing scheme.
Terry Woodley, managing director for development finance at Shawbrook, said: “We’ve reached a significant milestone that demonstrates we are a trusted and reliable funder for experienced developers requiring tailored and flexible finance solutions.
“Despite facing significant hurdles in recent years, more than a third of developers in the UK (34%) have been able to expand their business in the last 12 months, demonstrating that the sector has remained resilient and flexible in the face of a volatile market.
“We’re proud to be at the forefront of lenders who are willing to support established developers across the country, providing not just the knowledgeable service they deserve but also the flexibility and certainty they need from their funder.”
Shawbrook has also supported property developers focusing on a range of developments including residential, commercial and mixed use schemes, high value residential projects, student housing, co-living, and phased development schemes.
Matt Lowe, CEO of LNT Care Developments, said: “The team at Shawbrook were able to offer a bespoke facility to enable us to drive forward our commitment to building the country’s leading care home portfolio.
“It was important for us that they provided a facility which not only enabled the construction of three new homes, but also supported the operational side of the business once construction of the care home is complete.
“It was great to work with a team who combined their knowledge in development and healthcare to structure a transaction in a way that worked for all parties.”
John Shevlane, director at Pilot Fish Finance, added: “We recommended Shawbrook to our client because of the large size of the development, experience of the developer and Shawbrook’s flexibility to deal with a multi-phase funding approach.
“Their flexible approach was proven midway through the scheme as Shawbrook were able to free up cash from property sales to enable the client to proceed with phase two of the development with no further arrangement fees.
“The relationship director from Shawbrook has been on hand from initial site visit and for the majority of the drawdowns, resulting in him building detailed knowledge of the scheme.
“This has enabled our client to build a strong working relationship and made the process of gaining extended facilities much easier.”
