Manchester lender extends lending limit to £5m and gives out iPads

Manchester lender extends lending limit to £5m and gives out iPads


Following a successful re-entry into the market earlier this year, Manchester-based specialist short term lender, Goldentree Financial Services, has raised its maximum loan amount to £5 million.

Goldentree’s comeback into the bridging finance sector has been supported by private funding from British entrepreneur and the world’s largest independent bookmaker, Fred Done.

Private financing from Mr Done means that Goldentree isn’t reliant on banks, and is, “therefore not subject to the maze of banking demands.”

The bridging lender offer loans up to 70 per cent of the open market value, with no minimum term and no exit fee, all of which is said to have contributed to the team’s ongoing successes.

As for the iPad giveaway...Goldentree has said that to reward the brokers who have supported them, and to encourage new contacts, the lender is offering a free iPad to any broker who completes two deals with them before the end of November, (terms and conditions apply, please contact Goldentree directly for full details.)

Commenting on the new lending limit, director of Goldentree, Darryl Lee, said: “It’s been a very strong year for Goldentree so far. Fred’s support has enabled us to become lenders with a true appetite and money to lend, and I think that the increase in our maximum loan is testament to that.”

In July Bridging and Commercial reported that Goldentree received a £25 million injection from Mr Donne, and how as part of a new strategy, the company has re-vamped its website.


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