Tiuta secured £30m funding

Tiuta has secured £30 million in new funding for use during December 2011 and January 2012.

The specialist bridging lender has also secured a separate funding line with Baltic International Bank which offers an initial facility of several million pounds which, it says, will grow over the course of the next 12 months.

Steven Nicholas , Tiuta’s CEO, said: “We end this year and enter 2012 with some significant news in terms of Tiuta’s available funding capabilities and an important new relationship with Baltic International Bank. The £30 million of new lending comes from our existing finance sources and we are therefore actively looking to fund a variety of new loans over the course of December and January.