The refinancing has extended the maturity of HABS to September 2025, and delivered an improvement in commercial terms reflecting the performance of the assets supported by the facility.

The HABS warehouse facility was originally launched in 2018 to fund the origination of small balance commercial real estate (CRE) loans, primarily to support small and medium sized businesses (SMEs) and commercial property investors in the UK.

The refinancing follows the successful issuance of the group’s first two public CRE mortgage backed securities, TABS – CRE1 and TABS – CRE2, in March and June 2021 respectively.

Together now has six public securitisations, five private securitisation facilities, two series of senior secured notes, and a revolving credit facility.

Since January 2021, Together has raised or refinanced over £1.5bn of debt facilities to support the group’s lending activities, improving commercial terms and adding further depth of maturity to its funding platform.

Gerald Grimes, group chief executive designate of Together, said: “We are delighted to announce the successful refinancing and extension of our small balance commercial real estate warehouse facility, HABS, as we continue to grow our business and support the UK’s small and medium sized enterprises.”

Gary Beckett, group managing director and chief treasury officer at Together, added: “This is our fifth funding transaction since January and clearly demonstrates the continued momentum in and support for the Together growth story.”