Together Financial Services Limited has successfully priced its fifth small balance commercial real estate (CRE) mortgage-backed securitisation (MBS), worth £522.2m.
The securitisation, CRE5, is supported by a portfolio of first and second charge mortgages, with 97.9% being first charge.
These are secured against small value commercial, residential, and mixed-use properties in England, Wales, and Scotland.
Gary Beckett, group managing director and chief treasury officer at Together, said: “We are delighted to announce the successful pricing of our latest small balance commercial real estate MBS, the £522.2 million, CRE5, which will further increase our support for UK SMEs.
“Issuing two public MBS transactions and two private transactions in the space of two months Together will have raised or refinanced £2.4bn since the start of the calendar year, highlighting the quality of our loan book and the ongoing support from our investors.”
