Cornerstone Capital Finance

New Welsh bridging lender launches

New, privately funded lender Cornerstone Capital Finance, has entered the market, focusing on providing specialist short-term loans to property investors and developers in Wales.

The lender — part of the Cornerstone Finance Group — will initially service a 60-mile radius from its Cardiff Gate Business Park headquarters.

It will be advancing bridging loans between £25,000 and £250,000, with funds made available within 30 days of application.

Cornerstone Capital Finance was set up by Gareth Morgan, CCO of the new lender and director of The Cornerstone Finance Group, (pictured above, right) and CEO Haydn Thomas (left).

Haydn said: "In the current climate, there is a strong demand for property and the market is buoyant with investors and developers looking at vast refurbishment and development opportunities here in Wales. 

“Our business will bridge the gap in the Welsh market, plugging the demand for short-term loans, enabling property developers to further support the regeneration of areas in Wales, while helping [its] economy bounce back from the effects of the pandemic.” 

The addition of the new specialist lender to the wider group portfolio is set to allow clients to benefit from its full range of financial services.

Gareth added: "We are delighted to be launching Cornerstone Capital and look forward to helping many development projects get off the ground. 

“Over the past four years, we have worked hard to grow the Cornerstone Group within Wales, and this new venture will harness our ambitions to be a major employer in the area, while continuing to see more funds invested in development projects across the country."

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