Shawbrook has substantially increased its funding for Albatross, marking a nearly 50% rise.
- This financial boost supports Albatross’ focus on bridging and refurbishment loans since its inception.
- Albatross, established in 2018, capitalised on Shawbrook’s funding first in 2021.
- Shawbrook now offers up to a 90% advance rate to Albatross.
- Key figures from Shawbrook and Albatross emphasise strong collaboration and future growth.
Shawbrook has significantly increased its financial support for Albatross, enhancing funding by nearly 50%, which is expected to fuel substantial growth in Albatross’ loan book. This move signifies Shawbrook’s strategic commitment to its established clients, providing critical financial backing on attractive terms.
Since its establishment in 2018, Albatross has specialised in bridging and refurbishment loans. The company first secured financial support from Shawbrook in 2021, which has been instrumental in enabling Albatross to write approximately £110 million worth of loans over the past three years. The substantial increase in funding will allow Albatross to further expand its operations and meet burgeoning demand.
Albatross now benefits from a funding arrangement that allows up to a 90% advance rate, evidencing Shawbrook’s confidence in their business model and performance. This extended financial capacity will empower Albatross to reach wider market segments and solidify its position in the lending industry.
Warren Mutch, head of speciality finance at Shawbrook, expressed his satisfaction, remarking that Shawbrook’s partnership with Albatross has flourished since 2021. He stated: ‘Working with the team at Albatross has been a great experience, and watching them go from strength to strength since we first partnered in 2021 has been incredibly gratifying.’ This statement underlines the mutual respect and benefit experienced by both parties.
Lewis Casserley, co-founder and principal at Albatross, echoed these sentiments, highlighting the strategic importance of Shawbrook’s continued support. He noted, ‘The team at Shawbrook has been a great help since we first started working together in our early stages. Being able to work with a lender who not only provides the facility itself but support needed to successfully grow, has been integral to our success.’ His words reflect the foundational role that financial partnerships play in scaling business operations.
Shawbrook and Albatross continue their successful partnership, aiming for future growth and strengthened market positions.
