Quantum Development Finance secures £500m facility from Goldman Sachs
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The funding will allow Quantum to provide larger loans and support projects from acquisition through to post-completion investment. Quantum Development Finance has secured a long-term facility worth up to £500m from Goldman Sachs. The agreement increased the small and medium-sized enterprise (SME) housebuilding lender's funding from £200m to £700m. It will allow Quantum to provide larger loans and support projects from acquisition through to post-completion investment. Oliver Thompson (pictured, right), co-founder and CEO at Quantum Development Finance, said: "Goldman Sachs' approval of this facility is a positive signal for the Quantum team as we focus on building an alternative credit platform with bank-level operational rigour. "It's also a huge endorsement of the team we've built and the discipline we bring to every deal and operational running of the business. "For our clients and partners, these large and long-term commitments from established funding partners, Goldman Sachs and AB CarVal, are a clear signal that Quantum has the appetite and readiness to keep backing high-quality developers and property investors, at every stage of their journey – whether that is their first scheme with us, or their fifth." Thompson added: "Broadening our product range to accommodate customers from acquisition to post-completion has always been a key part of our growth strategy and one...
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