Positive Commercial Finance achieves 300% growth in H1
Specialist broker Positive Commercial Finance had a record month in June with turnover up by over 300% compared to the first half of 2017.
And turnover to date this year has already eclipsed the figure for the whole of 2017, with profitability also at a record high. Commissions paid to introducing brokers follow the same pattern and continue at market leading percentages.
John Waddicker, director, said: “We are delighted to be in such a great position to help bring some prominent property development schemes to fruition, and in being able to assist a truly diverse selection of SME developers to fund their projects.
“There has never been a better time for developers to take advantage of the abundance of funding options out there, as appetite from our panel of lenders is unprecedented.”
Development finance facilities again contributed to the majority of fee income. In June alone, over £75m worth of development loans were completed.
It has been now funded well in excess of 1,000 units this year with schemes ranging from just two houses in Reading, to 400 plus apartments in Manchester.
The current pipeline includes many more schemes including a number of significant projects at varying stages of planning, or with developers gearing up to start works, throughout the country.