Albatross, a specialist lender in London, partners with Shawbrook for significant financial backing.
- Shawbrook has enhanced its financial support for Albatross by nearly 50%, signifying a strong partnership between the institutions.
- The funding increase will allow Shawbrook to offer an impressive 90% advance rate to Albatross, reflecting trust in their collaborative success.
- Established in 2018, Albatross has already facilitated £110 million in bridging and refurbishment loans.
- Executives from both companies express optimism and commitment towards future growth and continued support.
Albatross, a London-based specialist lender, has partnered with Shawbrook to secure a significant increase in funding aimed at supporting its expanding loan book. This collaboration showcases Shawbrook’s commitment to nurturing growth through substantial financial backing.
The funding surge, enhanced by nearly 50%, indicates Shawbrook’s confidence in Albatross’s capabilities and sets a precedent for trust and partnership. With this additional capital, Shawbrook now provides a 90% advance rate to Albatross, cementing their relationship.
Albatross, founded in 2018, primarily focuses on bridging and refurbishment loans. Over the last three years, they have successfully managed to originate loans amounting to £110 million, illustrating their substantial presence in the market.
Warren Mutch, head of speciality finance at Shawbrook, expressed satisfaction, noting the positive trajectory of their partnership with Albatross since its inception in 2021. He emphasised the mutual growth and the enhanced financial facility as a logical next step in their collaboration.
Lewis Casserley, co-founder and principal at Albatross, highlighted the integral role Shawbrook has played. He described the financial support and collaboration as essential to their success, furthering their ability to grow and meet future objectives.
The partnership between Shawbrook and Albatross demonstrates a shared vision for growth and innovation in the financial sector.
