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Bridging and Commercial News
Fincorp has become the first bridging lender to be listed on the Avelo Trigold Prospector platform.
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The Association of Bridging Professionals has confirmed the makeup of its newly-appointed Lender Committee comprised of existing AOBP Lender Associates.
MT Finance, the West End based non-status bridging finance lender, is expandeding its geographic zone of lending to encompass all of England.
Dancastle Finance is the latest bridging lender to join the ASTL bringing the number of full members to 24.
The National Association of Commercial Finance Brokers held its inaugural chairman’s lunch on Friday and revealed its plans to help support the government’s call to provide more funding to SMEs across the UK.
Montello Bridging Finance founders Christiaan Faes and Ian Thomas have launched LendInvest – a peer-to-peer loan trading platform,
Bridgebank Capital has appointed Adam Powell as its new business development manager for the Home Counties.
Centrado, the Essex-based commercial finance broker run by father and daughter team Mel and Jen Fordham, has secured a deal with a private fund to offer large short term lending or acquisition,
Bridgebank Capital has appointed Jim Baker as Norh West BDM.
Capital Bridging Finance, the City-based short term funder, has appointed Zara Ali as collections manager.
The bridging industry has escaped the FCAs ban on the promotion of Unregulated Collective Investment Schemes despite fears that the regulator would impose a blanket ban,
Over 2,000 homes have been purchased through the NewBuy Guarantee scheme during its first full year, the government’s NewBuy Update has revealed.
Hope Capital has increased its maximum loan amount after an influx of activity around larger value short term lends.
Regentsmead, one of the longest established development lenders in the market, has launched Regentsmead TV.
Positive Lending, the specialist lending packager and distributor, in association with United Trust bank, is offering the chance to win one of 12 VIP tickets to the 2013 British Formula One Grand Prix at Silverstone.
Bridging lending increased by 1.4% to £288m during the first quarter of 2013, the latest figures from the ASTL have revealed.
CPC Group, owners of Omni Capital, has acquired specialist retail finance provider Logical Finance.
A record £360m in short-term secured loans were given to businesses over the last year, the latest West One index has revealed.
Development lender Regentsmead are looking for a new business development manager as it looks to build on its successes over the last 18 months.
Capital Bridging Finance, the City of London based short term lender, has added a private bank funding line – giving the lender the potential for greater flexibility in finding solutions for its specialist broker clients.
InterBay Commercial, part of the OneSavings Bank PLC Group, has cut its pricing across all current commercial, semi-commercial and buy-to-let products.
Fincorp has agreed to provide funding to bridging veteran Martyn Smith’s new bridging lender Bath & West, operating in the South West of England.
Hope Capital, the entrepreneurial short term property bridging finance company, has enjoyed its most successful month to date, completing its largest bridging deal and seeing deal flow increase eight-fold - both thanks to their offer of...
Mortgage distributor 3mc has completed a £1.65 million commercial mortgage transaction which was funded by Aldermore.
The AOBP has announced that Reward Capital LLP has become its latest associate lender, taking the total number of its affiliated short-term, commercial and development specialist lender partners to 23.
One in five SMEs have been encouraged to expand following the government’s decision to introduce an Employment Allowance of £2,000 a year, research from Direct Line for Business has revealed.
Fincorp has boosted its lending in Brighton and Sussex following its recent roadshow on the south coast. .
Specialist loan distributor Enterprise finance has reported that it has arranged more than £100m in short term loans during 2013.
Brightstar Financial’s latest Lender Day with Precise Mortgages has been hailed as a great success by both companies with nearly £5m of potential bridging deals agreed.
The NACFB has sold out all 86 presentation stands for its upcoming Commercial Finance Expo,
Montello Bridging Finance has moved its offices from the City to London's West End to help better serve its growing investor based situated in Mayfair.
1.6 million UK SMEs need funding to grow this year, a report for the Department of Business, Innovation and Skills revealed.
Bridging lender Fincorp has completed a £900,000 loan secured over two Gloucestershire properties, enabling the conversion of a chapel into a recording studio to be used by a member of 70s band Squeeze.
Bridgebank Capital has appointed Magnus Duke as a London-based business development manager,
Santander Corporate and Commercial Bank has confirmed it intends to double its market share in the commercial lending sector using the capital originally earmarked for the RBS branch acquisition,
London-based development finance lender Regentsmead has joined the Association of Bridging Professionals taking its total number of lender members to 22.
Bridgebank Capital has sold a stake in its business to investment management firm Pamplona Capital Management, securing a major new line of funding of potentially up to £100m,
The Association of Bridging Professionals has seen a surge in its Affiliate Associate tier with four new members having joined within the last two months.
Challenger lender Interbay Commercial has added Positive Lending to its panel.
Peer-to-peer lender West One Loans has launched a new prize promotion,
Dragonfly Property Finance has recruited Justin Cooper as a business development manager for the South of England.
Hope Capital is offering a 1.5% procuration fee to all brokers on bridging cases completed before the end of May 2013.
At least two owners of bridging and short term finance lenders made
Shawbrook Bank has increased its network of strategic partners for commercial lending, created to recognise high quality applications and successful conversion rates, to 27 brokers five months into the programme.
A residential developer has spoken of the dangers of using unscrupulous lenders after one bridging firm almost lost him a fortune.
Precise Mortgages and Brightstar Financial have joined forces to complete their largest respective bridging loan to date.
Aldermore has strengthened the invoice finance service it provides to small and medium sized businesses in the East of England by recruiting a specialist team based in its Peterborough head office.
Brokers are looking towards buy-to-let and secured loans as the drivers for growth over the next 12 months, research from Blemain Finance reveals.
Hope Capital Ltd, the privately funded specialist provider of bridging loans, has joined the Association of Short Term Lenders.
Bridging lender Fincorp is dropping its minimum bridging loan size down to £100,000 with immediate effect to cater for the growing demand from smaller scale investors wishing to develop residential properties either to sell on or to let out.
Montello has received approval from the Monetary Authority of Singapore for the distribution of the Montello Income Fund.
Brightstar Financial has recruited its first national account manager to provide on-site support for its major introducers.