Investment manager Downing LLP has agreed a new debt facility to support growth at specialist bridge lender Whitehall Capital.
The agreement comes as a continuation of the Downing’s Wholesale Finance team’s ongoing expansion of commitments.
Whitehall Capital’s new debt facility aims to enhance the company’s funding security and flexibility, enabling it to continue to provide stable and predictable returns through any stage of the economic cycle.
Ian Allder, head of block discounting at Downing LLP, said: “Downing is delighted to partner with Whitehall Capital.
“This relationship shows we are committed to supporting key players in the bridge financing sector.
“Whitehall is an impressive business, and its experienced team writes loans which offer good risk-adjusted returns. We very much look forward to working together.”
Anthony Bodenstein, managing partner at Whitehall Capital, added: “This new funding line increases our flexibility, which in turn enhances our competitive edge and allows us to capture a greater share of the UK bridging market.
“We are pleased to be working with Downing, an extremely well-regarded investment manager and wholesale funder.”
Whitehall Capital provides short-term real estate finance solutions for private and corporate borrowers across the UK, and its book focuses on senior debt backed by high-quality and liquid residential property as collateral.
