The firm — which became a bank in November 2021 — recently completed a facility of over £5m for a shopping centre in the South East in 11 days.
- The cost gap between BTL and bridging is 'ever narrowing'
- Recognise provides £5m loan in 11 days
- Recognise appoints VAS Panel to speed up SME applications
James Meigh, director of lending at Recognise Bank (pictured above), said: "Our BDM team has had a fantastic start to the new financial year, and we are delighted to see our focused approach in this sector yield such positive results.
“We have successfully closed several significant bridging deals with strong counterparties showcasing our ability to provide swift solutions for our borrowers.
“The use of title indemnity insurance and dual legal representation have played crucial roles in our success.”
Leave a comment