Capital Bridging secured a £50 million funding line from a leading high street bank at the end of 2012, where Capital achieved impressive growth. The bridging lender will now see even more growth with the doubling of its funding line.
Commenting on the new extensive funding, Keith Aldridge, Managing Director of Capital Bridging said: “We are delighted that over the last 18 months we have been able to show a major financial institution that Capital Bridging is an excellent choice of partner when it comes to distribution of their funding.
This increased funding is testimony to our staff, our business partners and most importantly to Capital Bridging’s ability to lend in a prudent and ethical way in an increasingly vibrant market.
In the last 12 months, we have increased our distribution in a very structured way and have established strong partnerships with brokers and master brokers in England Wales and Scotland, making us a true national lender with a thorough understanding of what brokers demand in the investment, commercial, second charge and development sectors. Add to that, we will soon be offering a regulated product I believe that we have a comprehensive range of solutions for most brokers’ short term and bridging requirements.”
Keith added: “We now have a variety of funding lines established that allow us to lend up to £5 million over 18 months and up to 75 per cent LTV when the proposition fits, and with our reputation for working with all stakeholders to ensure exits are completed on time we have every reason to believe the next 12 months will be very good for the sector and Capital Bridging in particular.”
Also commenting, Simon Juniper of Only Bridging said: “This is very good news for brokers who have seen Capital Bridging establish themselves as a major player in the sector, and the confidence the high street bank has in them can only give them and the sector confidence for the future. Capital Bridging has a reputation for being one of the most flexible lenders, working closely with its broker partners to find solutions to client’s needs and I can only see this enhancement of its funding line adding to that reputation.”
Leave a comment