Ashurst advises Glenhawk on new securitisation

Glenhawk offers short-term property development and homeowner loans. The company has also recently been authorised by the FCA and the new capital will support Glenhawk’s growth into the UK homeowner market. The facility represents the first time that J.P Morgan has invested in a private securitisation backed by UK bridging loans.

Partner Thomas Picton said:

"We are delighted to have advised Glenhawk, a new client for the firm, on its first securitisation transaction. Glenhawk has already developed a strong position in the UK bridging loan market and we were pleased to support them on this new funding line, which represents a significant milestone in the continued growth of their business."

Guy Harrington, Glenhawk CEO commented:

“Working with the Ashurst team on the J.P. Morgan securitisation has been an absolute pleasure. Their commitment and hard work enabled us to get the deal over the line in a timely and efficient manner, and we look forward to working together on future fund raisings.”

The Ashurst team was led by partner Thomas Picton, assisted by senior associates Matthew Pentecost and Louise Young, and associate Barbara Kramarz.