Edinburgh-based Lomond Capital has secured up to £37.5 million acquisition funding as it embarks on its latest expansion into new letting and sales markets across the South of England. Clydesdale Bank will provide an acquisition facility of up to £25 million while Tosca Debt Capital, a Manchester based debt fund, will provide 2nd lien facilities of up to £12.5 million under the new agreement.
Since its inception in 2010, Lomond has made 30 acquisitions and employs 350 people across the UK. It currently manages residential properties worth in excess of £2.5 billion and sells more than £600 million worth of property per annum.
