Lendco has revamped one of its £400m rental warehouse lines, continuing its seven-year partnership with HSBC and BNP Paribas as senior lenders.
The extension caps a busy year for the lender, during which it has completed more than £1.3 billion of financing activity – including its fourth public securitisation, a new BTL forward-flow agreement and mezzanine financing for its bridging warehouse.
Commenting on the deal, Simon Knight, CEO of Lendco, said: “We are pleased to have further strengthened our long-standing relationship with BNPP and HSBC and, thanks to a record lending year, our financing platform is perfectly positioned for our 2025 lending ambitions. ” .
Lendo director of treasury, capital markets and ESG Adrian Scragg (pictured) added: “We are pleased to have concluded this extension with two of our longest-standing partners. And after such a busy year it’s a great way to close the books.”