Belmont Green, trading as Vida Homeloans, has issued a new residential mortgage-backed security (RMBS), Tower Bridge Funding 2024-1, raising £300m to drive lending growth across the specialist residential and BTL markets.
The transaction —Belmont Green’s eleventh RMBS to date —was supported by Barclays, Macquarie, and Santander.
Following a reverse enquiry, the senior and mezzanine notes were wholly placed at compelling levels.
According to the firm, this will strengthen its funding capacity to support the growth and development of the business.
Anth Mooney, CEO at Belmont Green (pictured above), commented: “We are delighted to start the year having completed another successful RMBS transaction, which will allow us to support the specialist lending market in 2024 as we continue on our journey to become a bank.”
