The funding — which starts at £15m, with an intention to grow this over time — will enable Clearwell Capital to further expand its support to small- and medium-sized developers who are looking for finance to help them build residential units across the UK.
The lender, which provides secured development finance and mezzanine loans, was founded in 2013 by Ed Marley-Shaw (pictured above) and has aided the construction of over 600 homes to date.
The company lends to experienced property developers and prides itself on its strong customer service proposition, combining a flexible approach with fast feedback.
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“We are proud to have entered into this partnership with Fasanara Capital, which will enable us to continue the long-term development of Clearwell Capital through helping developers to build much needed houses and flats in areas of strong demand,” said Ed.
Francesco Filia, CEO at Fasanara Capital, added: “We chose Clearwell as a partner as they offer the right combination of risk management experience and tech-enabled loan processing and underwriting techniques.
“We are honoured to have joined forces with Clearwell to provide another opportunity for institutional investors to channel funds efficiently into the real economy and have an impact.”
Clearwell Capital provides loans between £100,000 and £1m for loan terms between six and 36 months.
It offers up to 90% LTC and 75% LTGDV.
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