Ortus secures additional funding

Thu 15 Sep 2016

Ortus Secured Finance has received a second funding round of £20m. The increase in funding brings the total amount of the secured lender’s new fund to £60m. In the second round of funding a number of original investors increased their initial stakes in the fund and £5m investment came from a global real estate investor. The […]

LendInvest launch non-profit development academy

Wed 14 Sep 2016

LendInvest has launched a non-profit academy designed to teach aspiring small-scale developers the skills they need to build more homes. With the UK needing 300,000 new homes every year to meet demand, whilst only 170,000 were completed in 2015, LendInvest said there is a need for entrepreneurial, independent and small-scale developers who can help fill a gap. […]

ASTL releases full conference lineup

Fri 9 Sep 2016

The Association of Short Term Lenders has released its full speaker lineup for its annual conference at Painters’ Hall in the City of London on 22 September from 9am-1pm. The event is entitled ‘Lending in an Uncertain World’ and will look at the events facing bridging and short-term lending. The ASTL will invite Savills’ director […]

Hampshire Trust bank funds £1.9m refurb

Wed 7 Sep 2016

Hampshire Trust Bank’s commercial mortgages division has provided a £1.9m loan to finance a heavy refurbishment project. The application was submitted by Hertfordshire-based broker Platinum Options on behalf of a client who was looking to build another floor on an existing development. Danny Antoniou, director at Platinum Options, said: “I can only comment on what […]

Shawbrook completes refinance and capital raise in 17 days

Wed 7 Sep 2016

Shawbrook Bank’s commercial mortgages team has completed a refinance and capital raise deal 17 days after issuing the electronic agreement in principle. The deal used Shawbrook’s RI0.2 product for simple residential investment at 76% LTV for £151,500 and was completed by the bank’s broker partner Alderbrook Financial. Emma Cox, sales director for Shawbrook Commercial Mortgages, […]

Roma Finance offers bridging from 0.95% after rate cuts

Tue 6 Sep 2016

Roma Finance has slashed its product rates – as its residential first charge investment product now stands at 0.95% per month following a reduction of 0.25%. The Manchester-based bridging lender is also offering a second charge option at 1.1% and a semi-commercial at 1.05% following rate cuts. In addition Roma Finance has removed the requirement […]

Mark Harrison departs Amicus for Seneca

Fri 2 Sep 2016

Mark Harrison has left bridging lender Amicus to take up a new role with Seneca Bridging. Harrison, who joined Amicus in October 2015, was a relationship manager based in the lender’s Preston office. He will now become head of business development at Seneca Bridging. Harrison has an impressive pedigree with over 18 years in the intermediary […]

Alternative Bridging strengthens underwriting team with double appointment

Fri 2 Sep 2016

Alternative Bridging Corporation has appointed Dena Thompson as head of underwriting and Nicky Pack as senior underwriter. Thompson will be responsible for the day to day running of the underwriting team, making sure deals are followed through efficiently from beginning to end, and spending time building relationships with Alternative Bridging’s partners and ensuring both borrower […]

NACFB secures larger venue for Commercial Expo 2017

Thu 1 Sep 2016

The NACFB’s Commercial Finance Expo is set to move to a larger venue next year at the NEC Birmingham. Due to increased demand from exhibitors and NACFB Patrons the CFE, which opens on 21 June 2017, has relocated to a larger hall. The current NEC hall has served the Association well and its central location in […]

Anthony Akka joins Mint Bridging

Wed 31 Aug 2016

Anthony Akka has joined Mint Bridging  as head of in-house legal. Akka has nearly 30 years of expertise in the residential and commercial property industry having previously run the property conveyance division at London based Measures Franks Solicitors. Most recently Akka was at Parker Properties and headed up each of the firms property divisions from rent accounts […]