Developer Guy Harrington’s specialist UK property lender, Glenhawk has secured an initial £75m funding line from Shawbrook Bank and an unnamed global asset manager.
Glenhawk, which is also backed by Rightmove founder Harry Hill, launched in January and has since lent more than £20m to commercial and residential property firms across 35 loans. It has a near term pipeline of £35m. The company claims it will offer ”something new to the bridging loans sector by combining financial know-how with wide-ranging real estate experience”.
You must be logged in to view premium stories.
Take out a print and online or online only subscription and you will get immediate access to:
To get access to premium content subscribe today
Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts