Member Article

North West based Hope Capital lends £7m so far this year

Hope Capital, the privately funded and run bridging lender based in the North West, has completed bridging loans worth ten times more at the start of this year than it did over the same period last year.

In January and February this year Hope Capital completed almost £7m worth of loans. Amongst that have been two of the largest loans ever completed by Hope Capital, including a £3.3m refurbishment loan.

Whilst Hope Capital has only been in business for 4 years, in 2014 it more than doubled its loan book and if 2015 continues the way it has started, Hope Capital will increase that again ten-fold.

Chief executive officer of Hope Capital Jonathan Sealey, said:“Hope Capital started in 2011 as a family run business.

“Our lending figures for the start of this year reflect just how far we have come in this time. “We receive frequent feedback that brokers appreciate the flexibility that we offer.

“Because we have our own funds and are not reliant on an external credit committee we can judge every case on its own merits rather than having to stick to a rulebook, we can make loan offers and release funds in a very short space of time.

“The business has doubled in size in the last year but we are niche enough that every broker can always speak to a director at any time if they require.

“The bridging market is still expanding and the surety of service that we can offer at Hope Capital appears to be in growing demand.”

This was posted in Bdaily's Members' News section by Sophia Taha .