The DABS maturity has also been extended to December 2028, with modified commercial terms.
DABS was originally launched as a £90m facility in 2017 before being upsized to £200m in 2019, and then again to £400m in 2021.
The current £600m refinancing has seen all of the company’s existing funding partners recommit to the facility.
- B&C Awards 2024: The Video
- Together reduces rates across commercial products
- Together sets new monthly lending record of £328m in June, boosted by surge in bridging
Gary Beckett, group MD and chief treasury officer at Together, said: "We are delighted to announce the successful £200m upsizing of our DABS facility on improved terms.
“The refinancing of DABS, one of our two securitisation facilities that fund unregulated bridging loans, adds further liquidity and depth of maturity to our funding structure as we help increasing numbers of customers to realise their property ambitions."
Leave a comment