CEO of Hope Capital, Jonathan said: “Hope Capital was set up using family funds in September 2011 after an extensive six months of due diligence into the bridging market.
“Naturally it took a few months to complete our first few deals after building relationships in the industry, but we haven’t looked back since.”
He continued: “We have exceeded our growth targets month on month; loan drawdowns have increased 4 fold compared to this time last year, and we have been overwhelmed with the support of brokers who continue to bring us repeat business. We know what makes them tick, and that’s quick delivery of the facility for their clients and speedy payment of fees.
“We have increased our assets under management 1000 per cent in the last 2 years as well as increasing our maximum loan from £500,000 to £1.5 million. We have also recruited a number of staff, and plan to recruit further in the near future to keep up with the demand for Hope Capital’s services in the market. This demand for Hope Capital’s services can be highlighted with September 2013 being our most successful month to date in terms of loan completions and funds deployed, with October already looking to continue this trend.
“We certainly chose the right time to enter the bridging market, however we never have seen this as a ‘flash in the pan’ opportunity, more of a ‘here to stay’ requirement in the property market to assist borrowers in financing opportunities which would normally pass them by. I can’t see the banks being able to provide funding in such short timescales as we can any time in the near future, which is where we specialise.
“As Hope Capital is a true principle lender using private family funds, we are able to break away from a rigid model of lending criteria many bridging finance companies have in place. We will always be as flexible and as entrepreneurial as possible for borrowers who require short term, property backed finance.”
Hope Capital has ambitious growth targets, and is continuously expanding its loan book to help property investors take advantage of more and more opportunities.
Hope currently offer brokers and introducers a 1 per cent proc fee on all completed bridging deals.
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