The company launched its P2P proposition in 2016.
Crystal Specialist Finance (CSF) and MT Finance have completed a bridging finance product worth £1.4m within three weeks.
This includes the lender’s Bridge to Let proposition, where a term plan is used for the exit route.
The company also surpassed its lending targets by over 25% consistently in August, September and October.
The Alternative Overdraft is part of the lender’s bridging and development finance proposition, providing a flexible loan facility which delivers funds on 24 hours’ notice.
Blend Network has increased its maximum loan-to-gross-development-value (LTGDV) from 65% to 68%.
Avamore Capital has closed two bridging loans with Adapt finance, totalling £1.9m, one of which included the corporate acquisition of a company.
Shawbrook Bank has provided a bridge for a customer in need of a short-term loan to complete an urgent auction purchase. The bank provided a £155,000, 12-month interest-only bridging loan on a 75% LTV. Shawbrook was approached by one of its strategic partners, NM Finance, two weeks before the auction purchase was due to complete. […]
The bridge enabled a property professional to exit an existing lender facility before incurring a 5% immediate default charge.
This is a limited time offer, available for new enquiries received by the lender before the end of November.