Shawbrook is providing a multi-million pound revolving credit facility, while Zenzic plans to expand into new areas within the market — as well as add new products to its offering including mezzanine financing.

The London-based company provides diverse financing across the UK and western Europe, including both single-site and platform level funding across acquisition, development, and special situations.

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Nadine Buckland, managing director at Zenzic Capital, said: “Extending our funding lines will enable us to help more developers realise their potential at this crucial time of the economy.

“Property development is a key element of the backbone of the UK’s economy and with a majority of our customers requiring repeat funding, we will be able to continue to see to their needs.”

Ismail Farhat, director of structured finance at Shawbrook, added, “The [Zenzic] team are hands on in their approach to lending, which chimes with our own ethos as a lender and we’re looking forward to supporting them as they scale.”