New bridging lender completes £1.75m loan

ActivTrades has completed a £1.75m, 12-month loan at 75% LTV to help fund a large investment project.

The bridging lender – which launched two weeks ago – teamed up with broker Positive Lending to support a client.

Steve Brennan, director of credit at ActivTrades (pictured above), said that it had entered the market with the best possible start.

“A loan of this size so soon after our launch further confirms the credibility ActivTrades has in the financial industry and the efficient systems we have in place to deliver a competitive and attractive product.

“Positive Lending is a reputable broker in the market and we hope to continue working closely with them and many more regulated brokers in the country.”

ActivTrades uses its own funds to offer unregulated bridging loans starting from 0.49% per month to UK-based residential and commercial property investors.

The new lender provides loan sizes from £250,000-5m, with terms for up to 18 months, and also offers the option for longer-term, interest-only solutions in certain cases.

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