The largest loan delivered was £5.1m, while the smallest being £200,000 with the average loan size sitting at £1m.
Over half of the deals were finalised within 20 days of initial submission, with the fastest being completed in just eight days.
Just over 40% of completions were written on Aspen’s no valuation product and 27% on its 75% refurbishment & light development product.
The remainder were written on its bridge-to-let, semi-commercial and purchase offerings.
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Jack Coombs, director at Aspen Bridging (pictured above), said: “At the start of the year our target was to increase our bridging loan book by 50% and this has been achieved.
“To see solid month-on-month numbers running through to November despite prevailing market conditions shows our willingness to lend.
“One of the reasons for our continued strong performance is the advantage of being equity funded in these uncertain times, which gives our borrowers and introducers the surety that we will follow through on what we said we would do.”
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