Secured Lender Agrees Cash Pot for Commercial Property Sector

A Cheadle-based secured lender has agreed on a £225 million cash pot to boost its backing for the commercial property sector.

Jerrold Holdings, supported by HSBC, Lloyds Bank and Natixis, has created a programme called Lakeside Asset Backed Securitisation 1 Limited, which will run until August 2018.

Marc Goldberg, commercial director at Jerrold Holdings Group, said:

"This new facility will allow us to continue to grow our short-term lending and buy-to-let operations, meeting the ever-growing demand for these products and services and helping to support both new and existing business customers, SMEs and property investors.

"In the last 12 months our new lending to British businesses and home-owners exceeded £724 million."

The underlying mortgage loans will be drawn from across its portfolio of commercial lenders, including Auction Finance, Bridging Finance and Lancashire Mortgage Corporation.

If you're looking to make a commercial property purchase or sale, contact our commercial solicitors on 0161 928 5558 for advice.

Collings

Commercial Solicitors