Hope Capital increases maximum loan amount by 50% to £750k
By Bridging Loan Directory -
Hope Capital, the entrepreneurial short term property bridging finance company, has recently seen an influx of activity around larger value short term lends, this has prompted them to review their maximum loan value and increase it to £750k. Hope Capital now lend from £100k to £750k for up to 6 months.
CEO of Hope Capital, Jonathan Sealey commented:
“We recently completed a deal outside our lending parameters, we were able to do this because we are privately funded and not tied by the restraints of conventional lenders. Whilst we have not turned away deals that were over our max loan amount we wanted the market to be aware that larger loans are not a problem to us, and therefore increased our published loan amount. Our ability to draw down quickly gives us a real advantage, seen recently with our largest bridge to date completing within 72 hours of initial enquiry.
This coupled with our 1.5% Proc Fee until end June 2013 offers a great deal for Brokers.”
Hope Capital has ambitious growth targets for 2013 and is continuously expanding its loan book to help experienced property investors take advantage of more and more opportunities. They are offering brokers and introducers a 1.5% proc fee on all bridging deals which are completed before the end of June 2013.