This will further support the lender’s strategic growth plans
Specialist lender Spring Finance has announced that it recently completed its first institutional bridging funding line with NatWest.
The lender, which launched its whole of market bridging proposition last month, said this completion is one of several proposed funding lines that will support the strategic growth plans of the business.
Andrew Bloom, owner of Spring Finance, said he was delighted.
“Spring, and myself personally, has had a long-standing relationship with NatWest and this bridging funding line was an obvious first step in funding Spring’s ambitious growth plans,” Bloom said.
“It’s a credit to the strength of Spring’s bridging team that NatWest have confidence in the experience of the people involved and its bridging offering. We look forward to working closely with the team at NatWest over the coming months and years as the business grows.”
Read more: Spring Finance brings specialist bridging proposition to the whole of market.
Katie Fazackerley, director of speciality finance at NatWest, was likewise glad to have supported Spring Finance in another key milestone for the group.
“The facility will support the group’s growth ambitions and aligns to NatWest’s Purpose strategy in supporting the needs of businesses and consumers across the UK,” Fazackerley said.
The initial product offering from Spring includes regulated, unregulated, first and second charge, complex credit, heavy refurbishment, and light development loans.
Spring Finance said a key part of its proposition is its experienced team that gives intermediaries the confidence and support in transacting business in the specialist area.
