Capital Bridging seals £11m record month

Capital Bridging seals £11m record month




A City-based bridging lender has just announced that it has lent over £11 million in June across the whole spectrum of its proposition.

A City-based bridging lender has just announced that it has lent over £11 million in June across the whole spectrum of its proposition.

Hot on the heels of Capital Bridging’s success at the Bridging & Commercial Awards 2013, where it picked up the Best Bridging Newcomer accolade, the specialist lender has completed more business in June than in any other month since its launch.
 

 
Keith Aldridge, Managing Director of Capital Bridging Finance Limited, commented: “We are absolutely delighted with the way things are going at the moment. All the research work we did with our broker distribution earlier in the year is now paying dividends and we are seeing business coming in from many new supporters nationwide, including Scotland.

“In June, we lent in excess of £11 million across the whole spectrum of our proposition from buy-to-let residential, to heavy refurbishment and new-build on both first and second charges.

“What we found particularly pleasing was that our brokers now have the confidence to trust us to find solutions to their clients’ needs, with loans up to our maximum provision and so our spread of funding is across our full range from £30,000 to £3 million.

“We are continuing with our programme of support for our brokers and by working very closely with our valuers and legal practices, we expect to maintain the momentum we have established at the end of the first half of the year to be continued until the end of the year and beyond.”

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