Close Brothers Property Finance (CBPF) has unveiled plans to increase facility sizes and further diversify its loan book weighting to include more purpose-built student accommodation (PBSA) and build-to-rent (BTR) lending.
Earlier this year, the company launched a new structured finance team led by Chiara Caldwell, which will facilitate CBPF’s expansion into the BTR and PBSA sectors, helping SME developers gain a foothold in these increasingly competitive areas.
Phil Hooper (pictured), CEO of Close Brothers Property Finance, said: “At the heart of the business’ success over the past half century is our firm commitment to helping SME housebuilders. Greater diversity in housing stock means better quality homes and support for local economies, with SMEs prioritising the use of local supply chains and skilled labour.
“This is not just a milestone year for us – it’s a springboard for the next half century. Against a challenging economic backdrop, we need to be agile as a business and evolve to meet the needs of our clients. Expanding our proposition into structured finance, we are better positioned to do just this.”
