West One Loans has reported a record month in November with £54 million lent across residential and commercial properties.
It also saw a record £55 million in redemptions for the month.
The record month included a £5.6 million bridging loan for Lambert Smith Hampton, the national commercial property consultancy, for a development site with residential planning permission in south London.
Stephen Wasserman (pictured), managing director of West One Loans, said: “November was a record month for us with £54 million provided to fund both residential and commercial property loans. In today’s market, we pride ourselves on delivering competitive short-term finance on a fast turn-around basis. Our expertise and market understanding enables property transactions to complete which may otherwise fall by the wayside, especially when high street players have less flexibility and potential to compete.
“In the case of Lambert Smith Hampton, being able to work closely with Nick and his team in a flexible and constructive way, exemplifies what can be achieved.
“We’re proud to be at the forefront of the industry, boosting the availability and competitiveness of specialist financing options for the property market.”
Nick Russell, director of property finance at Lambert Smith Hampton, added: “In today’s marketplace, it’s vitally important that we can work with lenders who can respond to our needs in the time frames we require.
“The speed, flexibility and professionalism demonstrated by West One Loans allowed us to bridge the funding gap to ensure the deal went through.”
