The lender officially launched in August 2019, having previously operated as a family office, lending to a closed network of local developers and businesses for around 12 years.
In an exclusive interview with Bridging & Commercial, Aman Bajwa, director of specialist lending at Fairbridge Capital (pictured above), explained that it had “revamped” its existing model in order to reach the wider market.
“…This year, I think our aspiration is to get to the £10m mark,” said Aman.
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“[A] big part of our plan is to make and create positive relationships with brokers,” he added.
Fairbridge Capital — which offers a maximum loan size of £1m — currently focuses on the bridging sector, but has begun to issue terms on ‘light’ development finance cases.
The lender mainly operates in the South East, but will also lend across the country.
When asked why Fairbridge decided to enter the bridging market now, Aman explained that the opportunity “has always been there”, and confirmed that the lender was “on course” to achieving its loan book target.