Amicus reveals record month
By Tom BelgerAmicus posted completion figures of more than £50m during February
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It was the first time the short-term property lending arm of the Amicus Group had posted figures in excess of £50m, and came despite the fact that February is the shortest month.
Keith Aldridge, Managing Director of Amicus, stated: "It is very rewarding for us all at Amicus to exceed the £50m per month barrier and comforting for me as I predicated the target would be reached early in the New Year and be a regular feature of our 2016 performance.
“We remain confident that the sector has a great deal more to offer specialist brokers and we look forward to developing distribution in the coming months to ensure our growth ambitions are achieved.”
Benson Hersch, Chief Executive of the Association of Short Term Lenders (ASTL), said it was very encouraging that one of its supporting businesses was sustaining their growth ambitions.
“Keith and his team are active members of the association and their determination to take the opportunities that our sector offers is shared by the ASTL membership, and this has to be good news for any broker who has the appetite to diversify into specialist short-term lending,” said Keith.
Last year, Amicus forecast that it would lend over £400m in 2016.
Keywords: Bridging Finance, Commercial Finance, Bridging Lender, Commercial Lender, Alternative Finance, Broker news, Bridging loans, Amicus, ASTL, Benson Hersch, Keith Aldridge
Source: Bridging & Commercial — https://bridgingandcommercial.co.uk/amicus-reveals-record-month