Bridging lender announces record quarter

Bridging lender announces record quarter




Specialist lender Alternative Bridging Corporation has reported a record quarter in its loan book for April, May and June 2015….

Specialist lender Alternative Bridging Corporation has reported a record quarter in its loan book for April, May and June 2015…


These figures were helped by a £9m facility which was secured on a hotel undergoing a programme of improvement and refurbishment and an adjoining residential development of 32 houses and flats.

Jonathan Rubins, CEO of Alternative Bridging, felt the results were due to their combination of constructive, efficient processing and flexible underwriting across a broad spectrum of properties.

“I am pleased to see this quarter’s completions reflect our strength as a lender for regulated and non-regulated loans,” said Jonathan. 

“Our revolving loan facility, a cost-effective substitute for a bank overdraft although a new concept to the industry, is attracting considerable interest.

Alternative Bridging offers first and second charge loans for up to three years for commercial property, residential property for both home-owners and investors along with finance for property development.  

“We constantly expand and grow our products and as well as the revolving facility have a number of new initiatives in the pipeline,” added Jonathan. 
 

Leave a comment