Capital Bridging Finance Limited (CBFL) has secured a £50 million lending facility from an undisclosed high street bank.
CBFL is a City-based principal lender and provides bespoke short-term finance solutions to private and corporate clients.
“The facility provided by such a large institution is testimony to their belief that Capital Bridging Finance is a company that can deliver to their high standards in a market that is increasing in demand at a rapid rate and although not currently regulated is under the close scrutiny of the FSA,’ said Keith Aldridge (pictured), principal of Capital Bridging Finance.
“We are confident of utilising this initial tranche and will be looking to repeat the facility with this same funder as quickly as possible.
“We operate with a highly skilled team which includes lawyers, chartered accountants, senior underwriters with a combined history of 20 years in the lending business, and directors with over 50 years’ combined experience in financial services, investment banking and fund management.”
Aldridge added: “We accept that rapid decisions and fulfilment are key to this area of the lending market, however we balance these demands with executing lending in a highly ethical manner, adhering at all times to the Code of Practice set out by the Association of Short-Term Lenders (ASTL), of which we are a member.”