Commercial Mortgage Lender Commercial First Secures Funding

The commercial mortgage lender commercial first Ltd. has today confirmed it has secured £40 million of funding. The refinancing includes a £40 million three year working capital facility from Lloyds TSB, complementing an additional £12 million in shareholder equity raised in December and May.

Commercial First says that the working capital facility together with the equity raising has enabled the business to secure long term stability after the market dislocation forced the lender to suspend new originations.

Enable Finance commercial mortgage division continues to offer commercial mortgages to business owners welcomes the news from commercial first and hopes this news is the first signs of liquidity to the commercial finance arena.