Bridgebank Capital has completed £35m of short-term bridging loans in the past few weeks as a result of a surge in demand for larger loans through its Quantum brand.
Among several smaller ticket cases Quantum completed six large loan advances on what the lender called “complex” cases.
Carl Graham, sales director of the Bridgebank group, said: “Since our change of emphasis to target the larger loan sector of the short-term lending arena, coupled with a major internal restructure over the Summer specifically designed to deal with the level of competency and professionalism required to handle this type of lending, we are seeing an instant return on that investment.”
The complex cases included lending to offshore entities, bank settlement refinance, lending to foreign nationals and the provision of refurbishment and redevelopment funding.
Graham also revealed that the lender is expecting a further £20m of completions before Christmas.
He added: “We look forward to continuing to build on the success of 2015 into the New Year.”