gary bailey

Hope Capital grows loan book by 221%

Hope Capital has increased the size of its loan book by 221% since February 2020, reaching its highest point since launching in 2011.

The bridging lender saw the number of deals completed increase by 360% in the same period and has issued terms on 21% more applications than the previous last year.

This follows a number of product ranges added throughout the lockdown periods, including the seventies, eighties and nineties collections, as well as its refurbishment offering.

Hope Capital anticipates further growth as the recovery of the market continues and new opportunities arise. 

Gary Bailey, managing director at Hope Capital (pictured above), said: “This is a huge accomplishment for the team and clearly reflects our commitment and dedication to support brokers and their clients through this uncertain period.

“We are very proud of what we achieved over the last year and have plans to continue with the momentum by providing new, innovative products and an outstanding customer service to all property investors who are seeking bridging finance as an option going forward.”

The lender also plans to welcome new talent to help the business meet the demand for its products and services, with the firm recently appointing Sinead Moynihan as its new sales director.

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