Ingenious Real Estate Finance secures £25m facility from Shawbrook

Ingenious Real Estate Finance has secured a £25m revolving credit facility from Shawbrook Bank.

The specialist lender will use the money to grow its development and bridging loan portfolios.

EY supported Ingenious on obtaining the funding, while Travers Smith and Ashurst handled legals.

Howard Sefton, investment director at Ingenious (pictured above) said the company was delighted to announce the strategic partnership with Shawbrook Bank. 

Stuart Mogg, corporate finance director at EY, said: “We are delighted to have supported the team at Ingenious on such an important capital raise. 

“Executing the deal under remote working conditions demonstrates our flexible approach and ability to acclimate to a complex situation and help support our clients. 

“I would also like the thank the teams at Shawbrook, Travers Smith and Ashurst for adapting their approaches during this challenging time.”

Warren Mutch, structured finance senior director at Shawbrook Bank, commented: “Ingenious Real Estate Finance is a well-established lender that is expanding its footprint in the development finance market. 

“We have been very impressed with their offering and management team and look forward to working with them. 

“Equally, we continue to enjoy a strong relationship with EY’s debt advisory team as a regular introducer of funding opportunities and are pleased to get 2021 off to a strong start with them.”
Ingenious Real Estate Finance focuses on mid-market stretched senior and bridging finance on residential and commercial development projects primarily in London, the South East and other major regional centres of England and Wales and their commuter belts.

Since launching in 2013, the specialist lender has deployed over £500m in UK residential and commercial loan facilities and assisted in the development of over 2,400 units.

Ingenious Real Estate Finance is part of the wider Ingenious Group, which was founded in 1998.

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