Tenn Capital Limited Announces Funding Agreement and Joint Venture Partnership with Elliott Advisors (UK) Limited | Associated press

ST. PETER PORT, Guernsey – (BUSINESS WIRE) – October 13, 2021–

Tenn Capital Limited (“Tenn Capital”), the short-term lender, has announced a financing facility and JV partnership with funds advised by Elliott Advisors (UK) Limited and its affiliates (together “Elliott”). Elliott will provide funding of up to £ 300million to build Tenn Capital’s proposal.

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Matt Watson, CEO of Tenn Capital Limited (Photo: Business Wire)

Tenn Capital offers short term loans secured against selected UK and international residential real estate, providing borrowers with quick access to cash. The business focuses on high value loans and complex lending scenarios. The new facility provided by Elliott will enable Tenn Capital to execute its lending mandate on a global basis.

Matt Watson, CEO of Tenn Capital, said:

“We are delighted to announce this joint venture with one of the most formidable names in global finance. By working with Elliott, Tenn will bring new capital to the industry. We received funding offers from a range of potential partners, but it was so important that we find a partner who understood our vision, our appetite for credit and our attitude to risk. At Elliott, we absolutely found this and we are excited to work with them to expedite our loan proposal.

I am proud of our team for building Tenn Capital’s infrastructure in such a short time frame. The signing of this agreement is a proof of the robustness of our systems, processes and credit which will fuel the engine of Tenn Capital for years to come. “

Nigel Le Quesne, Chairman of Tenn Capital, said:

“This is an important moment in the development of Tenn Capital’s offering and it is a testament to Matt’s stewardship and the hard work of the rest of the team that this opportunity has presented itself so early. in the evolution of the company.

We are now able to deploy capital in several scenarios where more traditional lenders lack the appetite for service, providing a vital lifeline to legitimate clients who have been under-served in the past by established institutions.

TO FINISH

Notes to Editors:

About Tenn Capital

  • Capital of Tennessee is a new lender offering short term residential real estate secured loans for high net worth borrowers and complex transactions.
  • Tenn Capital offers finance in the UK, overseas and some international locations where the borrower needs quick cash to respond to a problem or opportunity.
  • Tenn Capital offers short term loans of £ 1million to £ 20million secured by prime residential real estate.
  • The company was founded in 2021 by
    • Matt Watson, former CEO of Sancus
    • Islay Robinson – CEO of Enness Global Mortgages
    • Hugh Wade-Jones – Managing Director of Mortgages at Enness Global
    • Nigel Le Quesne – CEO of JTC PLC
  • Although technically a start-up, the founding team of Tenn Capital has significant international experience in real estate, finance and business services.

About Elliott

Elliott Investment Management LP manages approximately $ 48 billion in assets. Its flagship fund, Elliott Associates, LP, was founded in 1977, making it one of the oldest continuously managed funds. Investors in Elliott Funds include pension plans, sovereign wealth funds, endowments, foundations, funds of funds, high net worth individuals and families, and company employees. Elliott Advisors (UK) Limited is a subsidiary of Elliott Investment Management LP

View source version on businesswire.com:https://www.businesswire.com/news/home/20211012006112/en/

CONTACT: Press inquiries

Tenn Capital Limited

Islay robinson

Phone: 07944 716 816

E: [email protected]

KEYWORD: EUROPE GUERNESEY UNITED KINGDOM

KEYWORD INDUSTRY: PROFESSIONAL SERVICES RESIDENTIAL BUILDING AND REAL ESTATE COMMERCIAL BUILDING AND REAL ESTATE FINANCE BUILDING AND REAL ESTATE BANKING

SOURCE: Tenn Capital Limited

Copyright Business Wire 2021.

PUB: 10/13/2021 1:00 a.m. / DISC: 10/13/2021 1:02 a.m.

http://www.businesswire.com/news/home/20211012006112/en

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