Bridging lender secures £50m lending pot

Bridging lender secures £50m lending pot


City-based lender Capital Bridging Finance Limited (CBFL) has announced that it has secured a £50 million lending facility from a major high street bank.

Though the bank remains unnamed, it is understood that it is keen to be involved in this lucrative market and has selected CBFL as its preferred partner to do so.


The news comes in light of the announcement that CBFL has appointed business support firm The MAD Approach, run by Alan and Mel Dring, to direct the lender’s structured marketing and distribution strategies.


CBFL provides bespoke short term finance solutions to private and corporate clients to suit their individual requirements.


Keith Aldridge, Principal of Capital Bridging Finance, said: “The facility provided by such a large institution is testimony to their belief that Capital Bridging Finance is a company that can deliver to their high standards in a market that is increasing in demand at a rapid rate and although not currently regulated is under the close scrutiny of the FSA. We are confident of utilising this initial tranche and will be looking to repeat the facility with this same funder as quickly as possible.


“We operate with a highly skilled team which includes lawyers, chartered accountants, senior underwriters with a combined history of 20 years in the lending business, and directors with over 50 years’ combined experience in financial services, investment banking and fund management.”


He added: “We accept that rapid decisions and fulfilment are key to this area of the lending market, though we balance these demands with executing lending in a highly ethical manner, adhering at all times to the Code of Practice set out by the Association of Short Term Lenders (astl), of which we are a member.”


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