The Bridging Group targets at least £20m of lending in
Dawn Trustam

The Bridging Group targets at least £20m of lending in first year

The Bridging Group has officially launched following a soft-launch phase towards the end of 2018.

This follows the news that the bridging lender appointed Dawn Trustam (pictured above) as its head of sales.

The Bridging Group was founded by Tarlochan Garcha and Jagtar Sethi and revealed that it aims to complete at least £20m of lending in 2019.

The lender is using its own private finance as well as institutional funds and is operating purely in the bridging sector, providing funding for residential, commercial and semi-commercial property only.

Its main product will be a standard bridging loan for purchasing and possibly adding to a portfolio or refurbishment and selling on.

However, it will also look to funding property being bought at auction, those wanting to change the use of the asset and end of development finance.

The team currently consists of four people, but it is on the look out for an underwriter due to the interest shown during its soft-launch period.

“We have put together an elite team of bridging and finance professionals to ensure we can meet the funding requirements of our borrowers, while delivering world-class service,” said Tarlochan.

“Our simple yet effective business is built on traditional values, which incorporates the latest technology available.”

Jagtar added: “We are very excited to launch The Bridging Group as a new bridging lender that places brokers and borrowers at the heart of our business.”

Dawn said it hoped to hit the sector with all the right tools required to make sure it could help and support its broker partners.

“The road ahead is not going to be easy with all that is happening in our economy, but we want to be a long-term player in this market and with our internal skill set [that] gives us a great chance for that to happen. 

“We want our brokers and clients to be part of TBG family and work closely with them to provide the key types of lending that is required in this ever-changing marketplace. 

“I am looking forward to getting out to my appointments and showing what we have to offer.”

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