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Tenn is launching a JV partnership with funds advised by Ravenscroft Corporate Finance Limited.
Subject to regulatory approval, the JV partnership will predominantly offer real estate-backed lending within the Channel Islands and will support individual, corporate and commercial borrowers from £250,000 upwards.
Loans can be used for a variety of purposes including property purchases, sales, refurbishment, development or land or general bridging, and will be secured against assets located in the Channel Islands, including residential and commercial property.
Matt Watson, CEO at Tenn, said: “We are delighted to partner with Ravenscroft in serving the Channel Islands market.
“Our strategy since we launched the business in 2021 has been to partner with exceptional operators and we believe Ravenscroft are the best possible partner for Tenn in the Channel Islands, as we continue to build out our vision of becoming a world class alternative finance provider.
“On a personal note, I’d like to thank the whole Ravenscroft Capital team for their trust and belief in Tenn and we look forward to working with them and borrowers across the Channel Islands in the months and years ahead.”
Andy Taylor, Head of Property at Ravenscroft, added: “This partnership between Ravenscroft and Tenn is in response to recent changes in legislation and offers a solution to high value borrowers which will bring benefits to the Channel Islands.”
Pictured top: File image.
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