With a proven track record of raising £75 million of investment and deploying funds to a number of high-profile projects over the past ten years, Andrew Green launched Mayfair-based Grosvenor Bridging Loans Ltd just over six months ago and the firm is already taking the short term lending market by storm.

Raising funds from institutional investors has been key to Grosvenor’s initial success, achieving a quality reputation amongst its partners for not only producing high returns but turning around loans within 48 hours, made possible by its small, flexible team.

In January Grosvenor brought an innovative product to market, unlike any other currently on offer. Its unique Equitable Bridge enables a charge to be placed on a property which already has an existing mortgage, effectively placing a charge on the equity of the property.

Rather than acting as a second change, sitting behind the senior debt provider, the loan amount is calculated from the equity in the property and operates as an additional first charge.

Available exclusively through a market-leading packager, the product is designed to help those who do not want to want to remortgage, risk a higher rate, or for those whose existing mortgager will not give permission for a second charge.

Commenting on the new product Andrew Green, Managing Director of Grosvenor Bridging, said: “The bridging market as a whole has recently become far more competitive than in years gone by; to stand out from the crowd lenders need diversity in the products they are able to offer.”

Grosvenor will lend between £25,000 and £250,000 for the Equitable Bridge but there is no maximum loan size on its full product suite.

The size of Grosvenor’s lending capacity is unlimited due to its extensive network of investors which is constantly growing, expanding its appetite to lend in a wide range of circumstances.

As an unregulated entity, Grosvenor will only lend against investment and commercial properties, however, the funds it lends can be used for a number of purposes, including; property purchase, refinancing, paying an unexpected bill or renovation costs, to name but a few.

Despite predominantly lending on properties located in London and the South, Grosvenor will consider any location depending on the quality of the asset.

Andrew also offered his thoughts on recent bridging trends, suggesting that this year bridging will become a tool for development funding which will shed positivity on the wider property market as it enhances the new build market and creates a flow of new homes.