Capital Bridging posts 81% completions growth

Capital Bridging Finance, the City-based bridging lender has posted excellent first half performance figures, including an 81 per cent growth in completions.

Commenting on a very satisfying period Keith Aldridge, Managing Director at Capital Bridging, summed up the reasons for their improved performance: “In the fourth quarter of 2012, we secured a funding line from HSBC and embarked on a development programme that focused on serious brokers in the short term funding sector as well as a review of our relationships with our legal and valuation partners.

“We are delighted to say the programme has been a great success and we have been able to influence the number of quality enquiries received and are pleased to report that compared to the same period last year our offers have increased by 73 per cent and better still our completions have increased by 81 per cent. I hope you agree a very impressive growth.

“Lending figures reached a peak in June with just short of £12 million in completions for the month, the same month we achieved Best Bridging Newcomer at the Bridging & Commercial Annual Awards.

“Add to these outstanding achievements the fact that our lending in Scotland is rising month-on-month and you can see why everyone at Capital Bridging is very grateful to our growing number of broker partners who have contributed in no small way to our success.”

“We look forward to supporting each other’s growth over the next six months.”