Downing LLP is pleased to have increased its funding line to Whitehall Capital, a leading provider of bridge and development finance.
Downing has upsized the funding line by 50%. This development will result in a more streamlined borrowing experience, empowering the broker community and real estate investors to seize opportunities swiftly and efficiently, with even greater certainty of funds.
This increased funding line marks a significant milestone in Whitehall Capital and Downing’s joint efforts to meet the evolving needs of businesses seeking financial support. Downing first entered into a funding agreement with Whitehall Capital in 2022 to support its origination activities.
Anthony Bodenstein, Managing Partner at Whitehall, said “This expansion of commitments for Downing’s Wholesale Finance team is a testament to their successful collaboration with key industry players. As traditional lenders continue to pull back from the mid-market space, we see a sizeable opportunity to fill that funding gap and capture additional market share. The fact that we have been able to add additional wholesale funding sources in a time of material market uncertainty speaks to the quality of our underwriting and the strength of our network with brokers and borrowers, whose business we rely on to deploy capital safely.”
Nigel Alexander, Investment Director, Downing commented: “We are delighted to announce the expansion of our funding line with Whitehall Capital. We believe that by strengthening our partnership with Whitehall Capital, we can continue to make a positive impact on the business community, supporting their growth and success.”