The programme is supported by Goldman Sachs Private Capital and was originally launched in January 2017 to fund the origination of residential and commercial bridging loans.
Specialist mortgage lender Together Financial Services Limited is pleased to announce that it has successfully refinanced its revolving £90m Delta securitisation programme with a £200m revolving facility maturing 2023.
The programme is supported by Goldman Sachs Private Capital and was originally launched in January 2017 to fund the origination of residential and commercial bridging loans. Over the last 12 months, Together has raised or refinanced almost £3bn of debt facilities.
Gary Beckett, group managing director and chief treasury officer of Together, said: "We are delighted to announce the successful refinancing of our DABS securitisation facility, providing a further £110m of liquidity to support our bridging loan portfolio and extending maturity to 2023 adding further depth of maturity across our funding platform.”
Together brought its loan book to a new high of £3.25bn last year with average monthly loan originations up 24.9% to £171.1m and profit before tax of £31.2m for the quarter.
