Secured lender raises £20m to bridge ‘funding gap’

Founded in September 2014 by James Mortimore, TFG Capital specialises in providing property and asset backed cash flow and bridging finance. TFG has completed 27 deals and lent over £13.5m in the past ten months.

With offices in Leeds and Doncaster, TFG provides short and medium term loans of between £50,000 and £3m. Recent deals include a £1.4m property refinance to give the client time to complete a larger sale transaction; and a debt and equity deal providing £2.4m of funding to Enjoy Pubs to part-finance its acquisition of Parity Bars and its portfolio of leasehold pubs.

James Mortimore said:

“We knew that there was a real need in the region for flexible lending that enables borrowers to access funding quickly for corporate or property transactions.

“Fortunately we have been able to secure new lines of funding to meet demand and with this latest fund we now have total funds of £30m available to support borrowers who may have been unable to secure funding from traditional lenders or who require monies very quickly.

“Our ability to swiftly provide individually-tailored, secured funding within flexible parameters resulted in our first fund very quickly being fully subscribed. Further backing has enabled us to offer additional lines of finance – the funds are there and we’re keen to lend."