Dorset-based property lender MSP Capital has secured a £350m funding facility backed by J.P. Morgan and Pollen Street Capital, aimed at scaling its development and bridging loan operations across the UK.

The transaction includes a £200m senior-secured facility from J.P. Morgan, alongside a £150m commitment from long-standing backer Pollen Street Capital. With additional retained funding lines from Shawbrook Bank and Pollen Street, MSP’s overall funding capacity now stands at £485m—rising to a potential £835m if J.P. Morgan exercises an option for a further £350m.

“This landmark deal marks a major milestone in our growth strategy,” said Leigh Bartlett, MSP Capital’s newly appointed CEO. “Securing new funding lines from leading institutional backers underlines the strength of our loan book and positions us to support more developers nationwide.”

Founded more than 40 years ago, MSP Capital has grown into a key lender in UK property development finance, with a focus on flexible, short-term funding solutions for residential and mixed-use projects.

The transaction comes as the UK continues to face structural housing supply challenges. “Development relies on access to financing,” said Rob Tanna-Smith, managing director at J.P. Morgan. “Our new facility will underpin MSP’s existing loan portfolio while supporting future growth in bridging and development lending.”

Connor Marshall-McKie, investment director at Pollen Street Capital, added: “We’re proud to deepen our partnership with MSP Capital. Their expertise aligns closely with our asset-backed credit strategy and commitment to funding affordable housing development.”

MSP was advised by Interpath as sole financial adviser, with legal support from Travers Smith.

Source: The Business Desk