Hope Capital completes first bridging finance deal
Hope Capital Ltd, a newly formed company set up to provide Property Bridging Finance for deals of up to £500k, has completed its first transaction.
Hope Capital’s CEO Jonathan Sealey, pictured, commented:
“It has been a great start to 2012 with the completion of Hope Capital’s first property bridging deal in January, only a couple of months after founding the company.
It was a tough deal to finalise, but we were able to complete the deal within the tight time constraints required for the purchase of the property on behalf of the client.
As a national lender on various types of property, the completed deal involved a taking a first charge on a semi-commercial property located in the Humberside region, and although I can’t disclose the loan amount, I can say that it was within the mid-range of our maximum lending figure.
This is just the beginning in terms of case completions with Hope Capital, our pipeline of active deals is going from strength to strength and we still have immediate funds available in which to do more deals quickly within the requirements of our clients.”
Jonathan is the son of North West based entrepreneur, Steve Sealey, a founding Director of AM Paper Group, who then went on to set up Manchester based venture capital organisation Aquarius Equity Partners, 7 years ago.
Steve Sealey said:
“I would like it to be known that my commitment to Aquarius Equity Partners is a strong as ever, however, I have recently stepped down from my role as its Chairman to concentrate on other business interests and my charity work with the Prince’s Trust.
I am also happy to assist my son, Jonathan, in his new business venture.”