Short-term lender Hope Capital has just completed its largest ever loan deal.
The £3.3 million loan is for the purchase of a large mixed use building, the loan duration is for three months in which time major refurbishment and redevelopment works will be completed on the property.
Jonathan Sealey, chief executive officer of Hope Capital, said: “Hope Capital is expanding rapidly, having doubled its loan book in the last year. As the credibility and reputation of our company grows we are seeing increasing demand for higher loan sizes. We have our own funds and are not reliant on an external credit committee so we can be completely flexible; therefore we can look at a loan of any size as long as it’s a good case with the right security and the right exit route.
“This flexibility and surety of decision is proving increasingly attractive to brokers and their clients which is reflected in the success of this recent, large loan request.”
John McNamara, chief executive of Focus Commercial, who brokered the deal, said: “Once again Hope Capital has delivered service, speed and reliability. We have placed clients with Hope Capital before and we knew this loan would be more than double Hope Capital’s usual maximum loan size, but we had the confidence and trust in Hope to approach them as they are a flexible lender which takes a positive commercial lending view.
“Hope Capital also had the belief in Focus Commercial’s ability to back our judgement and delivered with speed and dedication to get the deal completed in a very short time.”
