Travers Smith LLP has advised Shawbrook Bank on a speciality finance facility, including a multi-million pound revolving credit facility, to real estate lender Zenzic Capital.
Zenzic Capital is a London-based real estate credit investment manager with a diverse funding capability, providing both single-site and platform level funding across acquisition, development, and special situations in the UK and across Western Europe.
With this facility Zenzic is looking to its next phase of growth, planning to expand the business into new areas within its market. This will include adding new funding products to its arsenal such as mezzanine financing.
Ismail Farhat, Director of Structured Finance at Shawbrook, commented “Zenzic Capital is a rapidly growing enterprise who have all the hallmarks of a successful developmental lender. We have been impressed with the team’s track record and are looking forward to supporting them as they scale.”
Charles Bischoff, Finance Partner, added "We are delighted to have advised on this facility, continuing our strong relationship with Shawbrook and supporting Zenzic in their next stage of growth."
The Travers Smith team was led by Finance Partner Charles Bischoff, Senior Associate Phoebe Hanglin and Associate Alex Holland.