Amicus sets aside over £100m for bridging

Amicus sets aside over £100m for bridging

Amicus Property Finance has revealed that it has in excess of £100m of funds ready and waiting to deploy across its short-term bridging range.

The specialist lender has launched a marketing campaign to remind brokers that there is still time to get their short-term deals completed before the Christmas break.

Amicus is pushing its short-term bridging finance and the funding has been set aside exclusively for residential, commercial and light-refurbishment projects.

Nigel Alexander, head of underwriting at Amicus Property Finance (pictured above), said it wanted to highlight to its brokers that it was a specialist in all types of short-term finance.

“While we are known for our ability to provide funding for large and complex deals, we also are experts at providing traditional ‘bridging’ finance. 

“With over £100m of funds ready to deploy, we wanted to ensure this message gets across and to give borrowers [a chance] to get their deals on the table before the Christmas break.”

Simon Chapman, relationship director at Amicus, added: “Often our brokers assume we are focused just on development finance and are pleasantly surprised to discover we, of course, provide funding across the spectrum. 

“Short-term bridging is becoming increasingly mainstream and has a wide variety of applications to help property buyers and investors buy, refurbish, develop and sell their properties with quick access to funding to get the job done.”

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