Principal lender, Catalyst Property Finance, has today announced a 450% year-on-year growth in bridging loan originations. Originally founded in 2017, over the last 12 months the lender has significantly out-performed both its incoming enquiry and closed loan lending targets.
Offering short term bridging finance to 80% LTV, with terms to 24 months and loans up to £10 million; the lender has received a mix of business across its product range which caters for everyday bridging for commercial or residential property, refurbishment, land with/without planning, development exit and complex bridging.
Chris Fairfax, pictured, CEO, Catalyst Property Finance says:
“Bridging is an incredibly busy and competitive market, however, opportunities exist for lenders that truly understand what brokers need and can fill gaps in the market where good business can be written. We offer rates from 0.55%, leverage to 80% LTV, fast AIPs and processing, simplified underwriting – never asking for more than necessary and providing options for all types of property. We have funding to provide loans on a full status and non-status basis, PGs are not always required and we can lend on non-standard properties. Our product is designed to be both well-priced and flexible.
We understand that established lenders are potentially losing service capability due to their scale, Catalyst remain agile and responsive. This, combined with our unique product offering, is why brokers return to us with the second, third and fourth enquiries and we have achieved such unprecedented bamboo growth over the past 12 months.”