Hope Capital secures expanded £75m funding line from Triple Point

Hope Capital Property Finance has renewed and increased its committed senior funding line facilitated by Triple Point to £75m.

This latest milestone follows a longstanding relationship between the two companies, beginning with an initial £10m facility for Hope Capital in 2018.

This was subsequently increased to £45m.

The additional £30m marks the second increase to the line originated by the investment manager.

The enhanced funding line will enable Hope Capital to further diversify its product offering, providing more flexible and bespoke finance solutions.

Ellis Diamanti, head of specialty finance at Triple Point, said: "Hope Capital has been a valued partner of Triple Point for many years, and we are delighted to renew and expand our support through this enhanced facility.

“The senior leadership team has consistently demonstrated strong underwriting discipline, deep sector expertise and a robust approach to risk, all of which are reflected in the resilient performance of the portfolio.”

Kate Cowan, chief financial and operating officer (pictured above, right), commented: "This facility not only strengthens our loan book but builds on recent increases from other funding lines and further facilities in progress.

“It reinforces lender confidence in our strategy and enables us to continue delivering market-leading bridging loan solutions to our broker partners and their clients as we accelerate into the next stage of growth."

Jonathan Sealey, CEO (pictured above left), added: "We're proud of the relationship we've built with Triple Point.

“This renewed and increased facility is a strong endorsement of our strategy, our track record, and the confidence placed in our business.

“It will play a key role in enabling us to broaden our offering and continue delivering fast, flexible solutions for our broker partners and their clients.”