Amicus Commercial Mortgages has had its first completion with broker partner Brightstar Financial.
The deal will provide a total of £415,000 over a 20-year term on an interest-only basis to existing professional property owners; the deal enabling the refinancing of existing borrowing and capital for future purchases.
Rob Lankey, managing director of Amicus Commercial Mortgages, said: “We are delighted to have completed our first deal with our specialist partner, Brightstar.
“We decided at the outset to drive business via a small and select panel of broker partners and so I am delighted to be able to celebrate our first completion with such a highly admired and multi award-winning partner.
“This is a great example of how effective teamwork delivers – in this case, we received the application on 11 April, offered 20 working days later and completed 26 working days after that. It’s a great all-round result.”
Rob Jupp, chief executive at Brigststar, said: “We have just celebrated over £3bn of specialist mortgage originations and so it’s a great pleasure to have completed our first loan with Amicus.
“Our stated mission is to lead the specialist sector, set new standards and offer the best solutions for our customers.
“Amicus Commercial Mortgages have entered the sector with a fresh and dynamic approach to lending and with a highly motivated team – I am sure we will do great things with them and this, I am confident, is the first of many successful completions and happy customers.
“I wish Rob and team all the best for their bright and continued future.”
Lankey added: “Our panel of brokers has been carefully chosen, representing years of close personal, trusted relationships and will be regularly reviewed and expanded with more high-quality brokers as needs dictate.
“Our objective is to make this new commercial mortgage business the best yet.”