The product — designed for commercial, mixed commercial, and HMO/MUB assets — offers loans up to £3m at maximum 70% LTV.
It is available on terms of up to 24 months, and does not include any ERCs or repayment fees.
The product launch is part of Glenhawk’s strategy to further diversify its current proposition, in order to hit its £1bn of annual lending target by 2024.
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It follows Glenhawk’s move to double its loan size across its unregulated bridging range from £5m to £10m in September.
Michael Clifford, commercial director at Glenhawk (pictured above), said: “With lenders switching focus to longer-term products, a general tightening of lending criteria and increased pricing, we feel now is the right time to launch a property investment product.
“It will support borrowers who do not wish to tie themselves into significantly higher priced long-term products that may also come with ERCs or prepayment fees.
“Crucially, we have the certainty of funding in place to offer professional investors a competitively priced product, with the flexibility to match their short- to medium-term investment strategies."
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