The new lines are made up of a £200m senior secured facility from J.P. Morgan, coupled with an additional £150m facility from existing funder Pollen Street Capital.

Combined with retained funding from Shawbrook Bank, this takes MSP Capital’s total funding capacity to £845m.

MSP Capital will use this funding to continue its growth in the development and bridging finance markets.

J.P. Morgan also has the potential to provide an additional £350m of funding in the future if required.

The transaction was supported by Interpath, acting as sole financial adviser to MSP Capital, with Travers Smith LLP serving as the firm’s legal counsel.

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“These deals mark an important milestone for us and will be the driving force behind an exciting growth journey for the company, our broker partners and our customers,” said Leigh Bartlett, CEO at MSP Capital (pictured above) who recently relaunched a five-year strategy for the business.

“Securing these new funding lines from such reputable funders is a testament to the strength of our business and reputation among senior funders in the market, as well as our robust customer base and loan book pipeline.”

Nicky Hollamby, finance director at MSP Capital, added: “This successful outcome is the result of six months of hard work by the team.

“The £350m currently made available through these new funding lines, as well as the potential for more funds in the future, is an integral piece of the jigsaw for the future growth of MSP.

“Thank you to our funding partners, J.P. Morgan and Pollen Street, for their support and for demonstrating such a strong understanding of our business.”