£50 notes

Private fund on the lookout for bridging lenders




Specialist packager Penshurst Finance has told Bridging & Commercial that it is seeking to introduce bridging lenders to a private fund it has access to.

<
p>The fund is set to back experienced bridging lenders, SME lenders, asset-backed lenders and consumer lenders that are looking to grow their loan book. 

 

It follows news that since the EU referendum result some bridging lenders had allegedly lost their funding lines. 

The private fund has a pot of £600m and is in the process of raising a further £1bn.

Funding lines will start at a minimum of £250,000 and can go up to £20m.

Rates range from 5-12% depending on experience, security, loan book performance and forecasting.

For lenders who are interested, please contact Leigh Goodman of Penshurst Finance directly at [email protected] or on 07970 416 767. 

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