According to SilverRock the loan was provided to further accelerate 9Y Capital’s lending ambition in the bridging sector.
9Y was established last year by business partners, Stephen Johnson and Karen Bennett, with the business also establishing funding lines, including institutional senior finance, and private capital investment.
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Veronika Lovett, CEO at SilverRock, said: “9Y Capital’s bespoke approach to bridging finance has positioned it as a trusted lender for property professionals seeking efficient, flexible funding.
“Their deep understanding of the market and responsive lending model make them the ideal partner as we continue to expand our portfolio and support originators who share our vision for delivery and impact."
Stephen Johnson, co-founder & MD at 9Y Capital added: "We are delighted to partner with SilverRock on this forward flow arrangement.
“This long-term capital support provides another strategic funding partner for the business, enabling the team to continue to scale our loan book without compromising on the speed and flexibility our clients expect."
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