Recognise Bank

Recognise Bank provides funding facility to Reflex Bridging

Recognise Bank has agreed a multi-million-pound loan-on-loan partnership with Reflex Bridging.

Reflex Bridging — which is run by senior executive directors at Galliard Homes, Stephen Conway, executive chairman; Jonathan Morgan, director of investment and developments; and David Hirschfield, legal director — has made 45 loans totalling £113m in the past two years.

Under the new facility, Recognise will part-fund a number of Reflex’s bridging loans, with the bank having already provided over £10m in funding. 

“Helping to get acquisitions completed quickly and satisfying the needs of our ultimate borrowers is of vital importance to Reflex,” said David. 

Jonathan added: “In a short space of time, Recognise has demonstrated to us that it understands the property sector and our business model. 

“That know-how, plus the flexibility of the bridging facility, really underpins our trust in Recognise Bank as a new funding partner.”

Ben Peters, head of growth at Recognise Bank, commented: “Personal relationships are vital to Recognise, and the new partnership with Galliard and Reflex exemplifies the value and importance of our approach.

“Reflex needs to act fast on acquisitions and, by working with us, it knows we completely understand its needs and will be able to move quickly and efficiently to support its bridging loan requirements.”

Recognise offers unregulated business lending, including commercial mortgages, bridging, professional BTL, working capital, and professional practice loans.

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