A new London-based bridging lender, which only launched last month, has already completed a £1 million loan in Stoke-on-Trent.

Hennessy Jones Corporate Finance has residential, commercial and land based products with terms ranging from one day to six months with varying rates, starting as low as 0.8 per cent per month.

The Mayfair-based firm is targeting investors, property professionals and small developers who can demonstrate a clearly defined exit strategy, but in return, want sensible terms and conditions.

Nick Sneddon, who helped set up the lender said he was given the opportunity of heading up a bridging project with significant backing and an initial £50 million to deploy.

“Demand for bridging is continuing to increase and I felt that there was more than enough room for an intelligent lender to enter the short-term lending market.” said Nick.

“Hennessy Jones Corporate Finance has good distribution channels, but we opted to launch with a select few trusted partners.”

“We listened to their requirements and put in place exclusive arrangements allowing our partners to create their own range of bespoke products.”

The lender has also been accepted onto Crystal Mortgages’ lender panel. Hennessy Jones Corporate Finance aims to create strong relationships with brokers and intermediaries who want a new perspective on lending.

Hennessy Jones Corporate Finance can be contacted on 020 3651 8300