Hope Capital

Hope Capital loan book grows 169% in Q2



822_2022-06-15-02-36-46pm.gif
In Q2, Hope Capital grew its loan book by 169% and seen its average loan size for completed deals go up by over 120%.

The specialist lender has also recorded a 260% rise in AIPs, with volumes escalating monthly.

It has seen a substantial rise of over 400% in enquiries across refurbishment, commercial and land deals.

In addition, cases on mixed-use property have doubled and its seventies collection  has attracted a 50% rise in enquiries.

Gary Bailey, managing director at Hope Capital (pictured above), said: “To realise this many achievements within a three-month period is a fabulous accomplishment; it’s a really exciting time for us at Hope Capital. 

“Throughout the last quarter, we have had the opportunity to work with many broker partners and their clients to help them achieve their investment objectives. 

“We have also welcomed more talented people to the Hope Capital team and, owing to our ongoing success, are still on the lookout. 

“The team continues to work incredibly hard, which is why we are confident we can achieve more record results over the next 12 months. 

“As we move forward, our focus will be to continue listening to the feedback of our brokers and their clients on the type of bridging finance products they would like to see available in the market.”

In June 2021, Hope Capital revamped a number of its bridging loans to enhance its offering. 

This included upping the maximum loan amount in its seventies collection to £1m and strenghtening the eighties collection, resulting in the bridging lender now taking mixed-use and commercial cases up to 70% LTV, with interest rates starting fron 0.80% per month.

Leave a comment