The facility will support the specialist lender’s growth strategy for this product and provide further flexibility and diversity to the funding structure. 

Highfield Asset Backed Securitisation 1 Limited (HABS) has a four-year term – with a three-year revolving period – and provides a funding solution to the small balance commercial real estate loan portfolio.

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This latest announcement follows Together’s refinancing of its £255m Lakeside Asset Backed Securitisation programme. 

"We are delighted to announce the successful launch of our inaugural warehouse facility for commercial real estate, HABS, which will be used to support growth in our lending to small- and medium-sized businesses and commercial portfolio investors,” said Gary Beckett, group managing director and chief treasury officer at Together.

“The £525m facility adds further depth and diversity to our funding structure and clearly demonstrates continued confidence in Together as we look to continue to deliver on our ambitious growth strategy.”