Bridging Finance

What can the short term lending market learn from Lendy’s demise?

According to administrator’s last report, the headline statements are as follows: Lendy book included 54 outstanding bridging and development finance loans worth a combined £152m Lendy received full authorisation from the FCA just months before the administration The development finance book had 25 live loans worth £116m and a total gross development value (GDV) of … Read more