Tenn Capital
A principal lending its own and Elliott-backed capital against prime and super-prime property, from £1m to £10m and beyond, with a £40m London bridge closed in six weeks.
What they do
Tenn Capital lends from its own balance sheet and a joint venture with funds advised by Elliott, with a funding mix expanded past £1bn in 2025. It writes bridging against high-value residential and, increasingly, commercial and semi-commercial property, at up to 65 per cent loan to value stretching to 80 with mezzanine or additional security. The team underwrites complex and international ownership structures, lending against assets in the UK, Jersey, Guernsey and prime property elsewhere, and syndicates larger deployments through partners.
Where they fit in a lower-mid-market raise
Complexity is the specialism: intricate trust and offshore ownership, high-value single assets and international borrowers, funded quickly by a lender whose capital does not have to be raised first. For a group whose principal asset is a prime property held through an unusual structure, this is a short list of one or two lenders rather than a market.
Where they are not the fit
Development finance is excluded and lending is business-purpose only against real estate, never against trading cashflow. Standard leverage is conservative at 65 per cent. The commercial appetite is more recently developed than the residential book, and pricing is not published.
Published terms
- Pricing
- Monthly-rate loan to value bridging; specific rate not published. loan to value up to 65% standard, stretching to 80% with mezzanine/additional security
- Speed to terms
- Fast for complex cases - the £40m Aug-2024 super-prime London bridge closed in ~6 weeks; no fixed published timetable published
- Sponsored or sponsorless
- Asset-secured lending to HNW/UHNW individuals (including. non-UK residents), companies (limited/unlimited), LLPs, trusts, SPVs and offshore structures on a property-security basis. Not EBITDA/cashflow lending to trading businesses
- Where they lend
- UK-wide (single high-value assets anywhere in the UK) plus international/offshore (Jersey, Guernsey, prime property worldwide); no explicit England-only carve-out
- How they decide
- In-house principal underwriting off its own/JV balance sheet; direct and broker-introduced HNW/UHNW origination; large deployments syndicated through partners
- Search funds and ETA
- No published route for search-fund or first-time acquirer borrowers
As published by the lender and last reviewed August 2026. Terms quoted on a deal are set by the credit, not by a published band.
The desks that lend
Tenn Capital lends through 2 separate books. Which one reads a deal decides the security, the covenant package and the band, so the question is rarely whether Tenn Capital lends, but which of these would own it.
UK bridging (prime/super-prime residential)
- Facility
- £1m to £10m
- Security
- 1st legal charge on prime/super-prime residential; conditional 2nd/equitable charge; up to 65% loan to value, stretching to 80% with mezzanine/additional security; term up to 36m; headline £1m-£10m+ (largest single deployment £40m, syndicated, .
- Funds
- Acquisition · Growth · Refinance
- Rules out
- Business-purpose/unregulated only; Real-estate security required (not trading-business cashflow); Development finance excluded
Commercial / semi-commercial real estate (bespoke UK facility, from feb 2025)
- Facility
- £1m to £10m
- Security
- Feb-2025 UK capital facility for HNW/UHNW clients with mixed UK asset portfolios; covers residential, commercial and semi-commercial real estate; '£1m with no upper limit' (secondary-sourced, not on the legacy self-serve appetite page)
- Funds
- Acquisition · Growth · Refinance
- Rules out
- Business-purpose/unregulated only; Real-estate security required; Commercial scope secondary-sourced - legacy appetite page still states residential-only
Limits that apply across the firm
Stated limits, taken from Tenn Capital’s own published criteria, beyond the ones each desk carries above. A limit is where a lender starts from, not where it always ends: several of these move on a strong enough credit.
- No appetite in development finance
How they sit against the category
- Its published ceiling is £10m; 54 of the 75 property-backed lenders here go at least as high.
- 65 of the 75 publish an indicative price at all; it is one of them.
Counted across the 75 property-backed lenders in this directory, on what each one publishes. What a lender discloses and what it will do are different things.
Questions this page answers
How large a facility does Tenn Capital write?
Published facilities run £1m to £10m. A band is what a lender states it will do, not what it will do on a given credit.
How quickly does Tenn Capital move?
Fast for complex cases - the £40m Aug-2024 super-prime London bridge closed in ~6 weeks; no fixed published timetable published. Published timetables describe a clean case; anything unusual in the security or the structure adds to them.
Does Tenn Capital lend to search funds or ETA buyers?
Not on the published evidence. Tenn Capital publishes no route for search-fund or first-time acquirer borrowers. A searcher's route to a lender usually runs through the quality of the target and the equity behind it.
On the record
March 2024: record monthly lending exceeding £55m.
Sources: tenn.capital · businesswire.com
This profile is a curated reference note drawn from public sources, not financial advice or a recommendation. Appetite and terms change; a lender's fit for a given credit is established by approaching it, not inferred from a page.