Category: Bridging
Launched in December 2018 by Miranda Khadr, Yellow Stone Finance provides specialist and independent advice for clients on development finance, investment property, bridging finance, commercial mortgages, mezzanine finance, asset finance, invoice discounting and trade finance.
BFS are sole sponsors of the programme and will provide funding to would-be developers who have survived and thrived in front of a panel of seasoned property experts.
The lender has hired Kevin Glover to provide support to brokers and property finance professionals specialising in bridging and development finance in the North of England and has appointed Sharon Clarke & Pauline Rylands as relationship managers for its second charge sales team.
Previously at LendInvest, Wareham will be based in London, reporting directly to the director of lending, Nick Hilton.
The lender had its strongest year last year, granting new bridging and development loans worth £139m.
Nick Hilton, director of lending at Glenhawk, said over the course of last year it has delivered month-on-month loan book growth, culminating in a record month in November, originating £9.3m of loans.
With over 35 years’ experience in real estate development, he joins Oblix Capital from Bank of London and the Middle-East (BLME) where he most recently held the head of real estate finance role.
While it could be a difficult year for the bridging market, they believe Octane, which launched in May 2017, is well placed to grow despite the difficult conditions.
Izard drew parallels between Nine Elms and Canary Wharf 10-15 years ago.
Customers who are awaiting the sale of their home, and need to sell to finance the purchase, will now be able to use a bridging loan to speed up their move into either an Audley Villages or Mayfield Villages property.