MSP Capital has agreed a funding facility of £350m via investment partners, J.P. Morgan and Pollen Street Capital.

Designed to support the  property finance specialists growth in the development and bridging finance markets, this facility will enable MSP Capital to provide flexible and diverse funding solutions to new build developers.

The lines of funding comprise a senior-secured facility from J.P. Morgan of £200m,  and an additional £150m facility from Pollen Street Capital.

This, alongside the firm’s retained funding lines, with Pollen Street Capital and Shawbrook Bank, provides MSP Capital an increased total funding capacity of £485m.

J.P. Morgan has the potential to provide an additional £350m of funding in the future, meaning MSP Capital could expand its funding capacity to £835m.

The company recently appointed Leigh Bartlett as the company’s first chief executive officer.

Commenting on the latest funding he said: “These deals mark an important milestone for us and will be the driving force behind an exciting growth journey for the company, our broker partners and our customers.

“Securing these new funding lines from such reputable funders is a testament to the strength of our business and reputation among senior funders in the market, as well as our robust customer base and loan book pipeline.