<
p>Short-term lender Capital Bridging Finance has revealed it has had an exceptional month, with September brining in over £20 million of completion figures.
The surge in completion figures beat Capital’s previous best monthly figure by a staggering 60 per cent.
Commenting on the shocking figures, Keith Aldridge, Managing Director of Capital Bridging Finance, said: "We have been improving month on month and are on track to double last year’s excellent completion results, but September has been outstanding.
“Completing nearly 40 loans ranging in size between £42,000 and £3.6 million is testimony to our strategy over the last two years of investing in experienced underwriters and continuing to expand the strong distribution relationships we have built throughout England, Scotland and Wales.”
Keith added: “We are delighted that in September our average loan size has increased by 20 per cent. This supports our belief that the market continues to grow from a position of strength and that our growth plans for 2015 can be sustained.”
Sameer Kanabar, a new client last month and Partner and Director at Mayfair-based Atlas Residential and Commercial Finance Solutions, commented: “We have been monitoring the growing strength of Capital’s underwriting team over the last two years and believe that in the likes of Iain McCarrell, they now have a team that is hard to better in the market.
“We submitted our first case in September, needing to refinance our client in 14 days to avoid penalties on his £630,000 liability. Iain and his colleagues completed the deal in 10 days.”
Keith Aldridge concluded: “We know if we are to repeat September’s performance then we have to continue to meet the requirements of the likes of Atlas and we will be striving to do just that.”
Short-term lender Capital Bridging Finance has revealed it has had an exceptional month, with September brining in over £20 million of completion figures….
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