UK specialist lender Exclusive Loan Service (“Exclusive Loan Service”) is pleased to announce that it has successfully completed an equity funding round participated by the Bravo Fund II, L.P. operated by PIMCO, the Newport Beach, California based investment management firm with over $1.5 Trillion of assets under management, together with Credit Suisse Asset Management’s Securitized Products group and various private investors.
Michael Childress, Co-Founder and CEO of Exclusive Loan Service, commented: “We are very excited to partner with such well-respected asset managers. The new funding will allow Exclusive Loan Service to significantly increase its presence in the UK residential second charge mortgage market. Our new relationship with PIMCO builds on strong existing relationships with Credit Suisse Asset Management, Pacific Advantage Capital, 080808 Capital and numerous other private investors.”
Jameel Jesani, Co-Founder and Director of Exclusive Loan Service, remarked, “this equity round marks the culmination of five years of platform building. Exclusive Loan Service is now backed by multiple major institutional shareholders and has the springboard to enhance its product offering across the specialist UK real estate and consumer credit space and grow the platform into a premier and innovative multi-product specialist lender.”