Specialist lender Catalyst has secured a further £750m investment capacity to fund its short-term bridging and refurbishment products.
Committed over three years, the funding agreement with an institutional-grade US credit platform will enable Catalyst to expand its lending capabilities.
The lender will grow its bridging and refurbishment loan book by distributing short-term finance to property developers and investors via mortgage intermediaries.
Chris Fairfax (pictured), CEO at Catalyst, said: “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.”
