PMS members and appointed representatives of Sesame network now have access to loans from CAF Bank.
CAF Bank is wholly owned by Charities Aid Foundation, an international charity which last year distributed over £400 million to charities. CAF Bank provides loans to not-for-profit organisations, including social enterprises, housing associations, care homes, churches and other faith-based groups.
CAF Bank’s offerings include commercial mortgages, re-financing, property purchase and property development, with loan offers ranging from £100,000 to £2.5m.
To date, the lender’s diverse client bank has included social housing providers, a heritage steam railway and an education charity.
John Cupis, managing director for mortgages at SBG, said: “With a growing number of our members’ customers having links with charities and social organisations, partnering with CAF Bank is a welcome addition to the SBG stable. This announcement is part of our ongoing strategy of providing advisers with a wide range of products they can offer to their customers.”
Peter Ostacchini, CEO of CAF Bank, said: “CAF Bank is devoted to helping charities, social enterprises, churches, housing associations and many other not-for-profit organisations fulfil their missions. CAF Bank is wholly owned by a charity and ploughs any surplus back into the charitable sector. As well as being able to offer fantastic rates on loans, we really understand how not-for-profit organisations work and specialise in meeting their needs.
“We know loans can make a massive difference for many organisations. We are delighted to be working with Sesame Bankhall Group so we can help more organisations make a difference.”
