The programme, which is supported by Goldman Sachs Private Capital and will run until January 2021, follows the news that the specialist lending group’s annual lending had topped £1bn for the first time in its 42-year history.

Marc Goldberg, commercial CEO of Together, said it had a clear strategy set out for the next five years and the additional funding would allow it to further increase its bridging lending.

“We’ve seen strong demand from businesses and investors in this area, and lent a total of £572.3m of bridging finance in the 12 months to 30th September 2016.” 

EY acted as the financial adviser and arranger for Together and Gary Beckett, group CFO for the lender, said the facility demonstrated its strong financial position, its robust business model and the continued demand for its products.

•   Together enhances regulated bridging range with cross-charging
•   Bridging lender raises £375m via bond issuance
•   Moser family anticipated to become sole shareholder of Together

“It will support our growth plans and sit alongside our existing funding channels, which include the £1bn Charles Street securitisation programme, the £255m Lakeside securitisation programme and our recent £375m capital markets bond issuance."   

Ben Wilson, head of Enness Bridging Finance, added: “The news that Goldman Sachs is investing £90million in Together’s bridging loans is representative of the increasing demand for bridging finance.

"The fact that an American company is investing so aggressively in UK real estate signifies confidence in not only the bridging finance sector, but also the UK property market – Goldman Sachs is essentially placing a £90milion bet on the UK property market, which is extremely positive to see."

In September, Together increased its funding capacity after closing a £375m bond issue after announcing that the Moser family has been identified as the preferred option to become a sole shareholder ahead of the intended departure of minority stakeholder Equistone.