Real estate lender Zenzic Capital will expand into mezzanine finance after striking a funding deal with Shawbrook.
Under the deal Shawbrook will provide a multi-million-pound revolving credit facility that will give Zenzic the ability to scale sustainably and expand into new sites.
Zenzic Capital currently provides both single-site and platform level funding across acquisition, development, and special situations in the UK as well as Western Europe.
Zenzic Capital managing partner Nadine Buckland said: “Extending our funding lines will enable us to help more developers realise their potential at this crucial time of the economy.
”Property development is a key element of the backbone of the UK’s economy, and with a majority of our customers requiring repeat funding, we will be able to continue to see to their needs.”
Travers Smith acted for Shawbrook on the deal.
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