Clearwell Capital has renewed its partnership with Fasanara Capital and secured £150m in funding from HSBC to enable SME developers to build homes across the UK.
The funding takes Clearwell’s residential development financing capacity to over £250m, including £100m from Fasanara, as well as HSBC.
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The new capital will be used to support small and mid-sized housing schemes focused on qualify, viability and timely delivery, Clearwell said.
The firm added that its ambition is to become a ‘leading institutional platform’ for SME development finance, and this funding marks a major milestone in its growth.
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“Both HSBC and Fasanara share our long-term vision and commitment to SME developers,” said Ed Marley Shaw, chief executive of Clearwell Capital.
“This facility reflects our institutional readiness and our belief in doing development finance the right way. We can now focus on what we do best: backing deliverable housing projects across the UK.”
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