Category: Bridging
This means the lender has more than doubled the size of its corporate relationships team.
The loan, completed in three days, was to finance the development of two luxury villas in Marbella and has an 18-month term with an interest rate of 0.80% per month.
The development team is staffed by experienced development underwriters, supported by an expanded portfolio management team who are experts at supporting borrowers throughout the build.
CBRE is the latest professional organisation to become an associate member of the Association of Short Term Lenders.
Clever+ allows for 24/7 case tracking, application document uploads and has the ability to provide case updates by text and email.
VAS Panel will supply full panel management and VAS Audit will review all applications over £1m.
The collapse of Lendy is the biggest failure of a European peer-to-peer platform to date.
Sismey-Durrant (pictured) has worked in the industry for over 40 years, with previous roles at Hampshire Trust Bank, Sun Bank and Sun Life Financial of Canada (UK).
The bridging product is the first new product launched by Cynergy since it rebranded from Bank of Cyprus UK.
The bridging lender says the deals are due to their asset based approach to lending.