Lendco has confirmed the renewal of one of its £400m buy-to-let (BTL) warehouse lines.
The move will continue the lender’s seven-year partnership with HSBC and BNP Paribas as senior lenders.
Lendco said the renewal had concluded a “busy year” for the firm, in which it has executed over £1.3bn of financing activity – including its fourth public securitisation, a new BTL forward-flow agreement, and mezzanine finance for its bridging warehouse.
Launched in 2018, Lendco has originated £2bn of BTL and bridging loans to date and currently has £1.3bn worth of assets under management (AuM).
Commenting on the deal, Lendco CEO, Simon Knight, said: “We are delighted to have further cemented our longstanding relationship with BNPP and HSBC and on the back of a record year of lending, our funding platform is perfectly positioned ready for our 2025 lending ambitions.”
Director of treasury, capital markets and ESG at Lendco, Adrian Scragg, added: “We’re thrilled to have closed this renewal out with two of our longest standing partners.
“Following such a busy year, it’s a great way to close the books.”
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