Short-term finance property lender, Bridging Finance Solutions, has recorded its strongest monthly financial performance ever in May this year, doubling projected targets, on its way to £30m in completions.
The Wirral-based lender, now in its 16th year of business, has grown steadily year on year and is on target to significantly surpass financial expectations as it makes increasing headway into the development finance markets whilst still providing bridging loans to a broad cross-section of clients.
Steve Barber of BFS commented: “Our growth has been steady and organic and has remained on track throughout various periods of economic uncertainty. This year, however, we see an accurate upward trajectory as we concentrate on our core markets of northern customers in the sub-million-pound loan sector, with more and more developers utilising us for their funding. The advantages of using specialist funders to fund development schemes are increasingly recognised by clients and professional advisors.
“We welcome all customers, regardless of size and scale, and can finance deals as low as £50,000, moving into the multiple million deal size. We see more and more development finance deals in place as the split between development finance and bridging finance moves further towards an equal split.
“We continue to invest in the business to ensure we can sustain this level of growth, attracting the sector’s most vital talent and having the right technology and infrastructure in place. Our people will always be our most vital asset, and as we grow, we will retain this personal one-to-one service that undoubtedly sets us apart.
“May 2022 was an exceptional month for us, but I believe there’s more good news to come as the year gathers momentum.”