Enra Specialist Finance successfully completes fourth securitisation

Enra Specialist Finance is pleased to announce the successful completion of its fourth securitisation, which received a strong response from the market and resulted in an oversubscribed book. The loans, which were under Enra’s West One Loans brand, were securitised through its Elstree securitisation platform and initially set at £250m. However, due to high demand, the deal eventually reached £340m.

The capital raised from the Elstree 4 transaction is expected to provide considerable support for Enra and West One in achieving their lending targets for the year. With West One currently managing around £2bn of assets, this recent achievement reflects the company’s growth and success in the sector.

In the previous year, Enra reported substantial growth across all of its lending products, resulting in over £40m in earnings before interest, taxes, depreciation, and amortisation (EBITDA). This allowed the company to maintain its position as a reliable and strong player in the market.

Qasim Jafri, Director of Funding Solutions at Enra Specialist Finance, expressed his satisfaction with the outcome of the Elstree 4 securitisation. He was pleased to see the continued support from existing investors and the successful attraction of new investors, emphasizing both the strength and maturity of Enra’s business, as well as the high credit quality of the loans it originates.

Emily Gestetner, CFO of Enra Specialist Finance, also shared her delight with the success of Elstree 4. She acknowledged the hard work of the treasury team in maintaining strong engagement with investors, optimizing securitisation structures prudently, and building Enra’s reputation as a reliable issuer of high-quality specialist lending residential mortgage backed securitisation (RMBS).

Looking ahead, Enra has announced its intention to issue further RMBS through the Elstree platform, demonstrating its commitment to continued growth and success in the sector. This further solidifies the company’s position as a key player in the specialist lending market.

This successful completion of Enra’s fourth securitisation is a testament to the company’s dedication to excellence and its ability to thrive in the competitive lending landscape. With strong support from investors and a solid reputation in the market, Enra is well-positioned to continue its growth and success in the future.