Bridging finance proving popular

Sarah Davidson

September 16, 2010

The firm saw a 128% rise in the number of Agreements In Principle issued to professional investors during August compared to July, with 127 AIPs on loans amounting to just more than £110m.

During the month more than one AIP a day converted into a successful deal.

Mark Posniak, head of marketing and operations at Drawbridge Finance, said: “The residential property market may be suffering but professional property investors are as active as ever.

“Uncertainty represents opportunity and so the more volatile the market gets, the more active portfolio investors and other professionals become. What we have noticed is that they are much more specific about their lending needs and demand finance solutions tailored specifically to those needs. Bespoke bridging is becoming more important than ever.”

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