Hope Capital has recently completed a number of deals above their current maximum loan value, which has prompted it to double its maximum loan from £750,000 to £1.5 million.
The bridging lender now lends from £100,000 to £1.5 million for up to six months.
Jonathan Sealey, CEO of Hope Capital, said: “We have recently completed a number of deals outside our lending parameters as we offer flexible bespoke bridging finance to borrowers; and we are continuing to see the larger deals come across our desk, and we have a number of deals due to draw that tip the scale of our new maximum loan value already.
“We are able to do this because we are privately funded and therefore not tied by the restraints of conventional lenders. Brokers that use us regularly are aware that we will review any loan, even those that are above our max loan amount – it was important to us that we make the market aware. Our ability to draw down quickly gives us a real advantage.
“This coupled with our 1% Proc Fee on all deals offers a great deal for brokers.”
