The Association of Short Term Lenders (ASTL) has confirmed that former CEO Benson Hersch has sadly passed away.
Glenhawk has agreed to a £25m mezzanine funding line with global private investment firm Balbec Capital.
The institutionally funded lender, which previously distributed through a limited network of key relationships, will now open its proposition to the whole market, including networks and clubs.
Pluto Finance has completed a £34m PBSA development loan for the Bricks Group, to complete its development in Swansea, South Wales.
CSF and Together have completed a developer’s purchase and redevelopment of a £700,000 commercial site in Birmingham in just four weeks.
The Hope 725 and Hope 75 were revised in October for a limited time only; however, due to high demand, Hope Capital has extended the deals.
West One has launched an initiative to support the 'Bank of Mum and Dad' (BOMAD) via its second charge mortgage range.
Completions rose by more than 40% as the market bounced back from the impact of the first lockdown.
Rebranding to SoMo, which stands for ‘Social Money Limited’, is part of a plan to expand and continue to support customers.
The loan facilities are tailored to borrower needs and can offer quantity surveyor-supported development drawdowns, and come with no early repayment charges.