Whitehall

Whitehall Capital completes £2.3m bridging loan on Peckham scheme




Whitehall Capital Management Limited has confirmed the completion of a £2.3m bridging loan in Peckham, London.

The loan is being used to refinance a refurbished £3.1m residential development.

The property was originally two terraced houses but has since been developed into eight flats.

The specialist bridging financing fund processed the loan from start to finish in eight days.

Christos Kitromilides, analyst at Whitehall Capital, said: “This is quite an achievement given the challenges we face at this time.”  

He stated that the company is completely self-funded and leverages a well-established network of high-net-worth individuals, family offices, hedge funds and, as required, the wider market. 

The lender raised £5m of new money from its investors during Q1, and added further liquidity through a £10m bank facility.

“…We are funded to move at pace and can reduce transaction turnover times significantly; that gives us a real market advantage and has contributed significantly to the widely coveted reputation we enjoy for a quick turnaround,” Christos commented.

“This is a very difficult time for many businesses, and the consensus is for things to become worse before they get better, but the bridge lending market has shown remarkable resilience; our pipeline remains strong and encouraging.

“Our focus on high-quality borrowers and low LTV loans is proving to be a recipe for success in the current economic environment.”

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