Adapt Finance

Adapt completes £250m of loans




Broker Adapt Finance has exceeded £250m of net completions following three consecutive years of growth since its launch in 2014.

The Manchester-based company surpassed the landmark figure thanks to a development facility it brokered to create 14 luxury studios in West Hampstead.

Adapt is now on target to broker £156m of net loans in the year ahead, having already completed £39m across 33 deals at an average loan size of £1.18m excluding interest.

“I would like to thank the continual support of our clients and lender partners as well as the professional teams we have worked closely with since our inception,” said Jordan McBriar, managing director at Adapt (pictured above, far left).

“We have big ambitions for Adapt’s expansion and this is testament to our uniquely small team, who have worked very hard to get us to where we are today.”

In its first year of business, Adapt completed 69 deals totalling £37m, with an average loan size of £536,000.

This rose to £74m of deals in 2015, providing an average loan size of £804,000 across 92 deals.

Last year, the company reported £102m of completions, after arranging 97 deals with an average loan size of £1.05m.

These deals have resulted in gross development values well in excess of £350m.

Adapt Finance
Adapt Finance claiming the award for Bridging Broker of the Year at the B&C Awards 2016

The announcement follows news that Adapt has relaunched its website to include case studies, industry news, team profiles and testimonials.

“There’s no real secrets about what we do, it’s just good old-fashioned service, commitment and hard work,” added Stephen Burns of Adapt (pictured above, second left).

“Add in a couple of unique factors and we stand out just enough to be rewarded with regular work from loyal clients.”

All average loan sizes include development work but not interest.

Leave a comment