How can you tell if a bridging lender will deliver on their promises?



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Bridging & Commercial will be hosting its next virtual roundtable at 11am on Monday 20th September, in partnership with PMJ Capital.

The interactive event, which is part of a series launched earlier this year, will be moderated by Medianett’s editor, Beth Fisher.

The topic will be: ‘How to know a bridging lender can deliver on their promises’.

PMJ Capital’s director, Stuart Stead, and managing director, David Rainford, will be joined by Nina Scott, director at 2XL Commercial Finance; John McNamara, head of real estate at Focus Commercial; Mark McBriar, consultant at Adapt Finance; and Bridget Kibiru, commercial finance specialist at Aureum Finance.

During the live session, the panel will discuss how brokers are deciphering which lenders can actually deliver on their promises in order to manage their clients’ expectations, what questions should always be asked when it comes to working with new and existing bridging lenders and their third-party professionals, and how funding lines are impacting how finance providers lend and make decisions.

The experts will also share their views on whether the pandemic has resulted in more bridging lenders desperate to win business and, consequently, over-promising and under-delivering.

Registration is open and free to attend by all professionals working in the sector. 

The panel will be taking questions during the event and attendees are encouraged to get involved. 

It will also be available to watch after 20th September on B&C.

Commenting ahead of the event, David said: “Headline grabbing rates, offers and discounts are all well and good, but quite frankly meaningless and potentially costly for a borrower unless a specialist lender can deliver on a deal within deadlines and without changing the goalposts. 

“We believe far more emphasis should be placed on the experience and capabilities of the lender, accessibility, ability to speak to a decision maker, and track record of delivery, when choosing a funding partner.”  

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