Lendco has renewed its £300m BTL warehouse facility with BNP Paribas and HSBC.
The deal will enable the specialist lender to fund its new originations for a further three years, as it looks to grow its loan book to surpass £1.5bn.
Commenting on the deal, Adrian Scragg, director of treasury, capital markets, and ESG at Lendco, said: “We are delighted to have renewed our warehouse facility — [this] continues our deep-rooted partnership with BNP Paribas and HSBC, which have believed in and supported our business through some challenging economic times.
“Our funding platform is nicely positioned to support the business on its continued growth trajectory.”
