The company will now provide bridging loans of over £5m throughout major towns and cities across the UK, with up to 75% LTGDV.
The company is aiming to support borrowers with pre-or post-development funding.
The firm entered the market after it said it identified an increasing demand for bridging within the living sector.
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Announcing the launch on Linkedin, Karen Dunstan, co-founder, COO and general counsel at Precede, said: “thrilled to share that Precede Capital Partners now offers bridging loans alongside the whole loans we already provide to finance new developments — this is an exciting step for us in expanding our offering!
“As a certified B Lab B Corp, we aim to fund ambitious projects that positively contribute towards the social and environmental value of the built environment.
“Our newest product reflects these deeply embedded values and has been designed to be fully compliant with stringent ESG criteria.”
Also posting on Linkedin, Randeesh Sandhu, co-founder and CEO at Precede (pictured above), added: "Very excited to be sharing the news of our latest financing solution at Precede Capital Partners.
“Our brand-new bridging loan product is now available for living assets across the UK real estate sector — both pre- and post-development.”
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