Association of Short Term Lenders show bridging finance applications up 97pc

Bridging application values increased by 97% from the fourth quarter of 2013 to the fourth quarter of 2014, figures from the Association of Short Term Lenders have revealed. In the whole of 2014 the value of bridging loans increased by 62.5% from the year before, with ASTL members’ writing £2.27bn worth of loans. Benson Hersch,

Bridging loans exceed GBP 2 billion this year

The figures from the Association of Short Term Lenders for Q3 2014 have shown record levels of bridging finance, and loans written by members of the ASTL in the year ended September 2014 have now exceeded £2 billion. The ASTL’s latest quarterly figures on the size of the bridging market reveals that in Q3 this

Bridging Finance sees annual growth of 25 per cent

Growth of 25% in the bridging finance industry has been achieved in the past 12 months, according to the latest Bridging Index. Since June last year the annual rate of growth in gross bridging lending has averaged 25.1 per cent. By contrast, growth in the previous period was faster, but more volatile. Gross annual bridging

Dragonfly Property Finance raises GBP130m for commercial property fund

Octopus Investments has raised £130m for the Commercial Real Estate Debt Fund. The fund will be managed by Dragonfly Property Finance. Dragonfly, launched just five years ago, has already lent in excess of GBP1 billion. The GBP130 million fund will provide Dragonfly with considerable financial firepower as it continues to lend to commercial property investors.

Capital Bridging Finance is now FCA regulated

Capital Bridging Finance, the London based bridging loan lender has obtained authorisation from the FCA to accept and administer regulated bridging loan applications. Keith Aldridge, Managing Director, said: “Our long term growth plans have always included an appetite to provide regulated bridging loans to our growing number of premier partners. Over the past two years

Challenger bank Aldermore announces plans to IPO

Aldermore Bank, which is now just 5 years old, plans to float on the London Stock Exchange in October, the challenger bank said this morning. Aldermore focuses on lending to small businesses, home owners, and property developers. Vision Finance has been working with Aldermore as a key lender on our panel. Property development finance has

Luxury property development complex in heart of Islington with GBP 370m GDV

In June this year Sager Group completed its transaction with Royal Mail to relocate their Islington delivery office to Eagle Wharf Road and absorb the remaining buildings of the Former North London Sorting Centre into Sager’s Islington Square retail and leisure development, which has an estimated gross development value in excess of £370 million. Property

Prime central London prices up 11.3% in 12 months

Property prices in Prime Central London have increased by 11.29% year-on-year to stand at £1,638,456 in Q2 2014, analysis of Land Registry data by London Central Portfolio has revealed. London property transactions stood at their highest level since 2007 with 6,546 recorded sales over the last year, 19.34% more than the year before. London Central

Dragonfly bridging finance has broken through the £1billion mark

Dragonfly bridging finance has broken through the £1billion milestone in lending since its launch in 2009. Dragonfly are already aiming to hit the £2 billion mark before the end of 2015, with commercial loans making up an ever greater percentage of the total as the lender grows that side of operations. Dragonfly bridging have now

Bridging loan rates

Bridging loan rates have continued to fall over the past 12 to 24 months, and bridging finance is now available from just 0.6% per month. In was as recently as 2009 that Dragonfly Bridging Finance entered the market, and they were then considered a first mover, which they have used to their advantage over the

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