Testament to its growing reputation, the Association of Bridging Professionals (AOBP) is once again thrilled to announce its latest two Affiliate Lender members: Montello Bridging Finance (Montello) and Consulco Capital Real Estate (CCRE). The exclusive lender panel is now 12-strong and is ever-representative of the top lenders within bridging finance.
London-based real estate bridging financier, Montello, have managed to build a strong reputation within a relatively short time in the market. Montello’s funding line includes its own Montello Income fund which is one of the leading real estate bridging finance funds in the UK.
Christian Faes, Managing Director of Montello, commented:
“As the bridging finance market continues to move into the mainstream, it is important to ensure that the industry is promoted in a professional manner. Whilst there may be unscrupulous operators, organisations like the AOBP ensure that there are certain professionals that will conduct their business in an appropriate manner which is important for the growth of the industry.”
“Whilst the AOBP is a relatively new organisation, it has starting to have a real impact on the bridging finance industry. They have managed to assemble the best in the industry when it comes to mortgage brokers, specialist packagers and short term lenders.”
CCRE entered the short term bridging market in 2010 and through its Cashlever subsidiary and has already completed a number of loans secured against London residential properties. Director and real estate veteran, David King, has armed himself with a strong team and are looking forward to the possibility of great returns for their investors through short-term lending.
David King commented:
“As Cashlever gears up to be a significant player in the market, we felt it important to support the AOBP. The Association is working hard to raise the profile, of this industry and provided a forum for brokers and lenders to meet.
"We look forward to working with AOBP management, its members and lending affiliates in the future.”
On behalf of the AOBP, Craig Scott, Director of Commercial 1, said:
“The AOBP very much welcomes the addition of two new Lenders to the affiliate panel. Montello, a specialist real estate finance company which came into the market two and a half years ago with growing funds and good rates starting from 1.00 percent and LTVs of up to 75 percent.
“Consulco are relatively new to bridging market but have some extremely competitive rates, as low as 0.89 percent per month and LTVs of up to 70 percent.
The inclusion of these two lenders further demonstrates the importance of the AOBP and the impact and support it continues to achieve from its lender partners and introducers alike.”