Shawbrook Bank has strengthened its partnership with Colenko Limited by providing a £15 million funding boost.
- Colenko has been at the forefront of bridging and development loans since its inception in 2017.
- Increased demand for Colenko’s services spurred the additional funding, completed in a swift four weeks.
- Shawbrook praises Colenko’s technological focus and strong customer relationships as key growth drivers.
- This new funding will allow Colenko to launch innovative products and maintain market momentum.
Shawbrook Bank has reinforced its collaboration with Colenko Limited by offering an enhanced funding facility of £15 million. This development is poised to bolster Colenko’s financial capabilities and accommodate its expanding role in the property lending sector. Since its founding in 2017, Colenko has made significant strides in providing bridging and development loans targeted at property investors and developers, establishing itself as a noteworthy entity in this field.
The impetus behind this financial injection stems from Colenko’s remarkable growth trajectory, which has necessitated an increase in funding to meet burgeoning demand. The completion of this £15 million deal within a mere four weeks underscores the agility and efficiency of both entities involved.
Liam McGall, an associate director at Shawbrook, remarked on the impressive growth and innovation demonstrated by Colenko over the past two years. He highlighted the company’s distinctive focus on technology and exceptional customer relationships, elements that have been instrumental in setting them apart within a competitive market landscape. McGall expressed Shawbrook’s enthusiasm in extending their partnership, supporting Colenko’s continued ascent.
Rob Roscoe, CEO of Colenko, echoed this sentiment by acknowledging Shawbrook as a pivotal partner in their success. He expressed excitement at the deepening relationship and lauded Shawbrook’s exceptional agility and flexibility in facilitating this deal. Through this funding, Colenko intends to roll out new and innovative products, sustaining its upward momentum in a rapidly evolving market.
The £15 million funding from Shawbrook underscores a strategic deepening of its partnership with Colenko, enabling significant future ambitions.
