The firm has increased the size of all three of its institutional debt funding lines, while also closing on a mezzanine funding round from private investors.
The company has also made a raft of appointments across its bridging and mortgage team and now has almost 40 members of staff.
Amy Robinson joins from Apex Bridging, as BDM for south west of England and south Wales, while Natasha Satanas joins as a business development executive.
The mortgage team has also added Will Merry as a senior underwriter from MFS and Binay Pun as an underwriter from Equifinance, while Dave Old joins as head of compliance from Masthaven.
The hires support both the regulatory controls of the business and the drive for business acquisition across bridging, development finance and mortgage lending, according to the lender.
Jim Baker, sales director of bridging at Spring, said: “The market response to Spring has been exceptional. In a crowded space it is important to create opportunities that add value to brokers operating in both the regulated and unregulated market.
“We have a hugely experienced team that is core to our proposition and I am thrilled to see two new additions this month to my team in Amy and Natasha.”
Andrew Bloom, CEO and owner of Spring (pictured above), added: “In the two years since taking ownership of Spring, the industry has been faced with an incredibly challenging economic climate.
“I am very proud of the solid foundations that Spring has built — the quality of staff that have joined, together with our robust funding model provides the ideal platform to support our ambitious growth plans.
“Spring has very exciting plans for 2024 as we look to further establish our business in the specialist lending space.”