Last month Glenhawk launched a new structured real estate division to expand its specialist lending capabilities.
Glenhawk has now disclosed that the launch was made possible by securing a new warehouse facility with a global investment bank, increasing its total funding capacity to £700m.
The new funding will strengthen Glenhawk’s funding base and enhances its ability to provide larger, more complex short-term funding solutions.
The new structured real estate division is designed to address the needs of borrowers requiring more complex short-term funding solutions, offering bespoke, large-scale lending facilities for portfolios and single assets across residential, mixed-residential schemes, land with planning and light refurbishment projects.
Guy Harrington (pictured), CEO of Glenhawk, commented: "This new partnership is a game-changer for Glenhawk. It’s a testament to the strength of our business and our vision for the future of specialist property finance. With the backing of a globally renowned institution, we’re now in an even stronger position to support borrowers with larger, more complex funding solutions. This is just the beginning as we continue to scale and innovate in response to market demand."
Daron Kularatnam, group treasurer and sustainability director, added: "This represents an exciting opportunity to expand Glenhawk’s funding relationships and offer large bespoke financing solutions in response to evolving market demands. By delivering tailored, large-scale lending solutions through a relationship director model, we aim to enable property professionals across a range of sectors, including PBSA and co-living. I want to thank all partners involved for their tireless work to get this facility over the line and to the Treasury team at Glenhawk with special mention for Andreea Negroiu. It was an amazing achievement by all to structure and execute this complex bespoke facility."
