Enterprise Finance completes record November

By Bridging Loan Directory -

 

The rude health of the bridging finance sector was confirmed yet again today, with the announcement by specialist loans distributor, Enterprise Finance, that last month it completed its highest ever amount of short-term loans by value.

In November, Enterprise Finance completed just over £20 million of loans. It was the single biggest month in the distributor’s history and suggests 2013 could be an even bigger year for the bridging sector.

The Enterprise Finance data follows hot on the heels of AOBP (Association of Bridging Professionals) data published last week that showed October business introduced by the Association’s 12 member packagers reached a 2012 high of £31.7m. The short-term finance sector continues to go through the gears.

Danny Waters, CEO, Enterprise Finance, commented:

“With the high street lenders still on red alert, and the property market yielding considerable opportunities, the bridging sector continues to go from strength to strength. The fact that this data wasn’t skewed by one jumbo loan gives it even more weight. We’re by no means alone in experiencing the exceptional demand for bridging finance: as the AOBP data reveals, there is momentum across the board, which is great to see. As an industry, we can move into 2013 in a very positive mindset.”