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Close Brothers to increase facility size in PBSA and BTR expansion



Close Brothers Property Finance is planning to increase its facility sizes as it seeks further diversification into the PBSA and BTR markets.


The lender’s structured finance team, formed this year and led by Chiara Caldwell, is targeting these areas with a focus of lending to SMEs.

Since 2020, the firm — which has been operating for 50 years — has lent more than £5.1bn and has grown its loan book to almost £2bn.

Close Brothers Property Finance is currently supporting the development of over 7,350 new homes across the UK.

“At the heart of the business’ success over the past half century is our firm commitment to helping SME housebuilders,” said Phil Hooper, CEO at Close Brothers Property Finance (pictured above).

“Against a challenging economic backdrop, we need to be agile as a business and evolve to meet the needs of our clients.

“Expanding our proposition into structured finance, we are better positioned to do just this.”



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