Cynergy Bank launches enhanced bridging finance offering

By Bridging Loan Directory 11th October 2024

Cynergy Bank, a leading UK challenger bank, has announced the launch of its enhanced bridging finance offering.

The new product offers short-term, flexible lending for residential, commercial and mixed-use properties, from single dwellings to large blocks and purpose-built student accommodation (PBSA), with competitive interest rates and a transparent fee structure.

Loan amounts vary from £2 million to £20 million, representing Cynergy Bank’s appetite to support larger, more complex transactions.

The product enhances the parameters and scope of deals and customers the Bank can support, reflecting Cynergy Bank’s wider lending pivot to larger, more complex transactions.

Newly appointed Asim Shirwani will lead the Originations for Bridging division which focuses on providing short- term flexible solutions to customers.

Asim joins from LendHub, where he was Chief Commercial Officer for over 4 years.

Asim Shirwani, Director of Originations for Bridging, Cynergy Bank, commented:

“The property market is moving rapidly, and our customers need a financial partner that can keep pace with their ambitions.

Our new bridging finance offers competitive terms underpinned by speed, flexibility, and tailored support when property professionals need to seize opportunities, including medium and long-term exit options.

Cynergy Bank is proud to support its customers at every stage of their property journey.”

Ravi Sidhoo, Managing Director, Cynergy Bank, added:

“Cynergy Bank’s lending products cover a broad range of solutions across the value chain.

Bridging finance is a key addition to our offering, providing flexible short-term funding to meet immediate client needs.”