Pluto Finance surpasses £110m of lending in two months

Pluto Finance completed more than £110m of bridging and development lending during the summer months of July and August.

In terms of bridging, the specialist lender delivered a £10.5m deal for a leasehold site acquisition in Finchley in addition to a £2.5m loan for a garage with residential planning in Wimbledon.

Pluto also funded four office-to-residential schemes, including a £16.1m loan to develop a scheme of 77 flats in Brentwood, Essex, and £21m for a 99-unit development in Godalming, Surrey.

“We are delighted to have had the opportunity to fund some excellent projects this summer,” said Justin Faiz, partner at Pluto (pictured above).

“Over 75% of this lending has been to repeat borrowers, for whom our flexibility and ability to meet tight funding deadlines is a core part of our offering.”

Earlier this month, Pluto revealed that Simon Chapman had joined its London-based team as lending director.

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