Amar Khiroya

Reim Capital reaches £25m lending milestone

Reim Capital has completed £25m worth of loans in its first 12 months of trading.

The company, which officially launched in January 2020, said it had seen a “huge" amount of property transactions this year.

“[This year has been] very unpredictable,” said Amar Khiroya, principal at Reim Capital.

"We pride ourselves in showing strong customer service and knowledge to help close our deals.

"While 2020 has been testing at times, we're fortunate enough to have a dedicated team that has seen us through."

The lender aims to double the size of its loan book next year to £50m, and focus on larger-sized bridging and development loans from £1m upwards.

It is interested in expanding its services to more regions within England, particularly in the North West.

In addition, Reim will be recruiting for a business development manager and a second underwriter to join its current team of four, with an aim to expand to at least eight by the end of next year.

Kunal Vaitha, principal at Reim Capital, commented: “We are most excited about the new opportunities that 2021 will bring.

“We have had a year of uncertainty, and with a new vaccine seemingly close, we feel optimistic that the bridging market will be going towards a pre-Covid activity level.”

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