Enhanced facility with Triple Point to widen lender's bridging loan offering
Specialist lender Hope Capital Property Finance has renewed and increased its senior funding facility with investment group Triple Point, taking the total commitment to £75 million.
The expanded facility adds capacity to Hope Capital's institutional funding base and supports its work with brokers and borrowers in the UK specialist property market.
The partnership between the two firms dates back to 2018, when Hope Capital secured an initial £10 million facility from Triple Point. That line was later increased to £45 million. The latest £30 million increase is the second uplift to the facility and marks a further step in Hope Capital's growth plans.
The larger facility is intended to let Hope Capital diversify its product range and offer more flexible, bespoke finance options to brokers and property investors.
“Hope Capital has been a valued partner of Triple Point for many years, and we are delighted to renew and expand our support through this enhanced facility,” said Ellis Diamanti (pictured right), head of specialty finance at Triple Point.
“This facility not only strengthens our loan book but builds on recent increases from other funding lines and further facilities in progress,” said Kate Cowan (pictured top right), chief financial and operating officer at Hope Capital Property Finance. “It reinforces lender confidence in our strategy and enables us to continue delivering market-leading bridging loan solutions to our broker partners and their clients as we accelerate into the next stage of growth.”
“We're proud of the relationship we've built with Triple Point,” added Jonathan Sealey (pictured top left), chief executive of Hope Capital Property Finance. “This renewed and increased facility is a strong endorsement of our strategy, our track record, and the confidence placed in our business.
“It will play a key role in enabling us to broaden our offering and continue delivering fast, flexible solutions for our broker partners and their clients. It also further complements our existing funding arrangements, enhancing the resilience and flexibility of our overall funding platform as we continue to scale.”
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