Albatross, a specialist lender, secures substantial funding from Shawbrook, enhancing its capacity for loan growth.
- Shawbrook increases its financial backing for Albatross by nearly 50%, reflecting a strengthened partnership.
- This funding boost allows Albatross to access a 90% advance rate, aiding its bridging and refurbishment loan services.
- Both Shawbrook and Albatross highlight the successful collaboration and mutual growth since their partnership began in 2021.
- Albatross aims to leverage this increased facility to further its development and market presence.
Albatross, known for its focus on bridging and refurbishment loans, has successfully augmented its funding base with substantial backing from Shawbrook. This strategic move increases Shawbrook’s financial support to Albatross by nearly 50%, a testament to the solid relationship cultivated between the two entities since their partnership inception in 2021.
The enhanced funding empowers Albatross to secure up to a 90% advance rate, significantly bolstering its financial infrastructure. Such capacity enables Albatross to fortify its lending capabilities, crucial to its strategic objectives in the competitive lending market. This funding elevation underscores the lender’s robust performance and strategic direction, aligning with its growth trajectory over recent years.
Warren Mutch, head of specialty finance at Shawbrook, articulated satisfaction with the evolving partnership, emphasising the facilitative role played by Shawbrook in Albatross’s development. He acknowledged the remarkable growth witnessed since their collaboration began, rooting for Albatross’s future ambitions and reaffirming Shawbrook’s commitment to its client’s expansion journey.
Echoing this sentiment, Lewis Casserley, co-founder and principal at Albatross, acknowledged the indispensable support from Shawbrook as a pivotal factor in their growth journey. He highlighted how the additional facility meets their current needs to propel further growth, underscoring the importance of having a supportive lending partner.
In recent years, Albatross has made considerable strides, writing around £110m worth of loans. With this new tranche of funding, the company is well-positioned to enhance its offerings and meet its strategic objectives. The collaboration with Shawbrook remains integral to its expansion, promising continued success in the lending domain.
The partnership between Albatross and Shawbrook continues to thrive, paving the way for further growth and development.
