Pitch 4 Finance has revealed that 100 lenders are now able to pitch for commercial property loan cases processed through the platform.
Currently being trialed as the technology engine behind Yellow Stone Finance’s Deal Sourcing service, Pitch 4 Finance provides brokers looking to source commercial property finance with the opportunity to submit their loan request to multiple lenders. The platform scans the market to match their circumstances with lender criteria and multiple lenders are then able to pitch for the business, enabling brokers to offer the best possible solutions to their clients.
The platform began processing live cases as part of Yellow Stone Finance’s Deal Sourcing service in January and has already delivered a number of solutions for brokers and their clients. This increase in the number of lenders registered with Pitch 4 Finance, will increase the number of available options and lead to even more competition for brokers’ cases.
Miranda Khadr (pictured), founder of Pitch 4 Finance, said: “We decided to trial Pitch 4 Finance as the technology engine behind Yellow Stone Finance’s Deal Sourcing service because we wanted to make sure that that the user experience and output of the platform met our high expectations. The trial has been incredibly successful and, if anything, our expectations have been exceeded. One lender contacted us to say word on the grapevine was that we had ‘the best platform going’ and that they needed to be on it.
“Reaching 100 registered lenders is an important milestone in being able to make the platform directly available to brokers and we have already seen a huge amount of demand from brokers who want to use it in their businesses.
“The good news is that, with such a successful trial, and just a few more enhancements to ensure it is absolutely right, we think we will be ready to roll Pitch 4 Finance out to the market in just a few months.”
Justin Cooper, senior business development manager at Octane Capital, added: “I am delighted to have been involved with Miranda and Pitch 4 Finance for over a year now through the initial development stages right up to launch. We were able to work closely with Miranda and James Warren to ensure that our proposition was well represented on Pitch 4 and it was very easy to update this data as and when our terms were changed.
“We have seen a great number of enquiries since Pitch 4 launched and have been able to offer our best terms whilst remaining in full communication with the team via the portal. Some of the terms we have issued have converted into full applications already and we continue to monitor the progress of these deals, again via the website.
“I think that Pitch 4 Finance creates a fantastic opportunity for brokers to scan the market for exactly the right deal for their clients with minimal effort to them and the turnaround time from enquiry to terms should in most cases be within a few hours.
“At Octane we have welcomed the chance to be part of this and we very much look forward to the expansion and future development of the user base and the opportunities this will bring for everybody.”
