The bridging and development finance lender has significant experience in understanding complex planning transactions having started out as an offshoot of a property development business.
Pivot offers a range of standard and innovative products, which are designed to fulfil the differing needs of those seeking short-term lending, and secures facilities against residential and commercial properties on both a first and second charge basis.
By joining the ASTL, Pivot hopes to provide a different perspective and voice to the industry.
“Pivot is a welcome addition to our membership, bringing with it a wealth of experience, especially with those investing in property,” said Benson Hersch, CEO of the ASTL (pictured above).
“Working in the non-regulated sector, they are intent on ensuring standards are in keeping with the regulated market.”
Shahil Kotecha, CEO of Pivot, said since the lender’s launch in 2012, it had developed a strong relationship with brokers, but felt now was the time to show the rest of the market what it could offer.
“Our aim is to provide our clients with finance to enable them to progress with their projects and we work alongside our brokers to help deliver innovative solutions to do this.
“We want to be part of an organisation that is constantly working to improve both [the] behaviour and image [of] short-term lending.
“As a member of the ASTL, we hope to hold Pivot up as an example of what good looks like, while putting ourselves in front of the people that matter.”
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