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Glenhawk agrees new senior funding line with J.P. Morgan

March 18, 2020 / SPEAR'S

The deal will support the bridging lender’s expansion into the growing homeowner mortgage market Glenhawk, the fast-growing UK challenger lender, has agreed a new senior funding line with J.P. Morgan, which will support the firm’s ambitions to grow its UK loan book to £200 million by the end of 2021 – under the leadership of CEO Guy Harrington. The facility represents the first time that J.P. Morgan has invested in a private securitisation backed by UK bridging loans. The new structure will support a significant increase in Glenhawk’s maximum loan size from £3 million to £5 million and initially be used to fund a mixture of professional residential and commercial borrowers through the provision of fast and flexible short-term lending solutions.