Mint Bridging ups development lending as Funding Circle exits market
Mint Bridging has reported an "influx" of development finance business after Funding Circle announced plans to stop lending in this area earlier in the month.
"We’re seeing an influx of borrowers and we’re fully equipped to handle the new enquiries and conversions."
Head of Sales, Sinead Moynihan, commented: “Our core team have exceptional experience in this type of lending. The news from Funding Circle has opened new business doors for Mint. We’re seeing an influx of borrowers and we’re fully equipped to handle the new enquiries and conversions.
"This is a great opportunity for new clients to see Mint’s flexibility and the level of service they offer from the initial enquiry through to the full loan term.”
Mint Bridging is a privately funded bridging lender, offering first charge bridging, re-bridging, development, refinance and second charge short term residential and commercial property loans.
Its product ranges can accommodate up to £5,000,000 at 80% LTV, with heavy refurbishment projects up to 100% of the purchase price & 100% of the refurbishment costs.
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