Together Financial Services has refinanced its £100m ADALO Asset Backed Securitisation facility for property development lending.
The facility, which supports residential and commercial development customers, has been refinanced on improved commercial terms.
The maturity has been extended to March 2030, with the revolving period now ending in March 2028.
Gary Becket, group managing director and chief treasury officer at Together, said: “We are delighted to announce the successful refinancing of our development securitisation facility, ADALO, on improved commercial terms and with the maturity date extended to March 2030.
“This facility will allow us to extend our support to even more residential and commercial property developers across the UK, helping to create vibrant communities and deliver much-needed homes and workspaces.”
