JP Morgan funds £200m UK bridging finance securitization
J.P Morgan has invested in a private securitization of up to £200m, backed by bridging loans originated by Glenhawk, a UK-based challenger lender.
This is Glenhawk’s inaugural securitization transaction. The challenger lender provides short-term property development and homeowner loans and to date has lent £100.5m via 143 loans.
The deal was a £200m asset-backed facility provided by JPM. Glenhawk provided subordinated funding and the risk retention tranche.“Securitizations ...
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