Atelier secures funding partnership with Waterfall AM and HSBC (GB)
Summary
After strong bidding rounds and due diligence, Waterfall Asset Management was chosen as the ideal partner to support Ateliers next phase of expansion.This significant expansion in lending capacity and diversified capital mix reflects the ongoing efforts to optimise capital efficiency while expanding support for SME developers. Further leadership appointments will be announced in the coming weeks.Paul Silva, CFO at Atelier, commented: "This new funding partnership with Waterfall Asset Management, alongside a substantial increase in commitment from HSBC, represents a significant milestone in our ongoing growth journey. It strengthens our ability to scale while maintaining a robust and diversified capital mix to meet the evolving needs of our borrowers. The detailed due diligence into our asset management capability and loan portfolio resulted in a number of competitive bids. "Victoria Lindsell, Global Head of Structured Finance HSBC commented: HSBC are pleased to continue our partnership with both Atelier and M&G and to support them in the next phase of their ambitious growth plans.Atelier appointed SpecFin Capital and Simmons & Simmons as advisors on this transaction.Europe Real Estate an overview of real estate developments in European countries.