MSP Capital

MSP Capital increases senior debt facilities

Property funder MSP Capital has announced the completion of an increase in its senior debt facilities to £60m.

The business – which specialises in secured short-term bridging and development loans – has also earmarked an additional £30m of senior debt funding for the launch of a new complementary product.

The senior debt facilities were provided by Shawbrook Bank, with funds managed by Insight Investment.

The agreement makes up part of a diversified funding structure that also includes private loan note investors and a mezzanine debt facility.

Martin Higgins, managing director at MSP Capital, said that it was delighted that its existing funders had increased their support for MSP Capital.

“This transaction is another key milestone in achieving our growth ambitions for the coming years, and builds on our successful 30-year track record of lending in the UK property sector.”

Lucinda Yeo, relationship director at Shawbrook Bank, added: “At Shawbrook, we’ve worked closely with the team at MSP Capital since 2016 and supported their significant growth.

“We believe the markets and clients they serve continue to demand the access to funding and high levels of service that MSP can offer, and we’re delighted to extend the level of funding we provide.”

MSP was advised by the financial services corporate finance team at EY.

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