With the facility now running through 2028, Shawbrook’s support will drive further origination across Momenta’s range of property-backed finance solutions.
Loans funded by the Shawbrook facility can address property purchase, refurbishment, construction and bridging requirements for both commercial and residential assets.
This latest update follows the recent appointments of Tim Boag as CEO and Chris Forrest as CCO.
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Commenting on the extension, Liam McGall and Warren Mutch from Shawbrook said: “We are pleased to extend our funding line for Momenta Finance by a further three years and increase its capacity to £50m.
“This transaction reflects our confidence in Momenta Finance’s track record, management team and presence in the market.
“The enhanced facility supports continued growth plans and expands upon our successful partnership to date.”
Tim Boag, CEO at Momenta Finance (pictured above), commented: “We are delighted to have extended and upsized our facility with Shawbrook, one of our long-standing funding partners.
“This facility enables us to pursue our growth ambitions with confidence and certainty, in the knowledge that we will continue to deliver for our intermediaries and customers alike.”
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