The investment will be directly into the business and will not be lent out to borrowers.
The announcement comes after another of its backers, Connaught Asset Management, suspended two income funds providing the bridger with some of its capital in April this year.
Today Tiuta has revealed Connaught has now taken over the loan books made through these funds.
Connaught is undertaking an orderly wind down of these books which Tiuta says “will deliver maximum value to its investors”.
Tiuta has also announced it is in final-stage discussions with a number of other potential funders and anticipates it will be able to confirm additional funding lines shortly.
Currently Tiuta has ongoing funding lines through Baltic International Bank and a Central London Investment fund.
Steven Nicholas, chief executive of Tiuta, said: “This is a positive moment for Tiuta and our new seven-figure business financing arrangement secures our status for the foreseeable future.
“This, along with the fact Connaught Asset Management has taken over the loan books associated with Series 1 and 2, allows us to focus completely on our existing and new funding lines.
“We continue to have strong support from the likes of Baltic International Bank, and we are on the verge of announcing some exciting news about new funding lines which we are looking forward to utilise.
“At present our focus is on the large bridging loan marketplace and this will remain the case.”
Nicholas reiterated that Tiuta has had a “long and healthy relationship” with Connaught Asset Management and will continue to do so.
But he added: “From a funding line point of view we part on good terms and are currently focused on our existing and new arrangements.
“Our recent internal restructure ensures that we have ‘right-sized’ the business for our existing needs and we will now forge ahead focusing on our product range and our ongoing ability to offer quality bridging finance to a range of existing and new borrowers.”
