Ultimate Finance

Ultimate Finance bridging loan book surpasses £75m

Ultimate Finance has reached its highest ever total loan book of over £270m following significant lending in the first half of this year.

Since January, the specialist asset-based lender has provided £80m of new funding, up 50% on the same period last year.

Its bridging finance loan book has grown to over £75m for the first time, while new business for asset finance climbed to its highest ever, with over 650 new clients and new lending up 63% on H1 2020.

In addition, its invoice finance book recorded a 20% rise on the second half of last year.

Josh Levy, CEO at Ultimate Finance (pictured above), said: “I am extremely proud to see such a strong performance from the business over the last six months. 

“We have remained committed to supporting our introducers and their clients by providing access to cashflow and funding solutions which I am confident remains key to their success.

“These results are a testament to the hard work and dedication of everyone in the business and, along with our introducer partners, we will continue to prioritise the needs of our clients and provide them with the funding they need to meet their ambitions.

“Despite remaining uncertainty in the commercial real estate sector and the end of the stamp duty holiday for residential purchases, we are confident in our ability to continue supporting our introducers and clients across a range of bridging-use cases. 

“With construction cost inflation rising significantly, we expect that our equity release options for development finish and exit solutions will prove to be valuable for developers.”

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