Ultimate Capital, which specialises in providing bridging, mezzanine, development and commercial finance, has now, after joining the association, brought the total lender membership up to 25.

The principal lender boasts a range of tailor-made products which are designed to help borrowers realise the otherwise untapped opportunities held in their future or current property assets.

Commenting on its membership with the association, Mike Shearn, COO at Ultimate Capital, said: “Bridging finance property deals are a significant part of our business and so we are delighted to have joined the AOBP.

“We are looking forward to being an active member of the Association, supporting its objectives and helping its members, many of whom are already our customers.”  

Simon Juniper, Director of Only Bridging and Vice Chairman of the AOBP, met with Mike ahead of approving his application. Simon commented: “With Mike’s background in property and enthusiasm for what the Association is all about, we are extremely pleased to have Ultimate Capital as part of the Associate Lender family.”

In addition to its 25 Associate Lender members, the AOBP boasts 21 Affiliate members and 23 specialist distributors made up of a combination of Silver Associates and the Executive Committee.

There are just under 700 intermediaries which make up the majority of the Association’s membership.

Reflecting on the year so far, Rob Jupp, CEO of Brightstar Financial and AOBP Chairman, said: “In the first half of this year, we have exceeded the number of new lender members that joined up during the whole of 2013.”

Rob added: “This is testament to the fact that the AOBP continues to work hard for its members, providing value and tangible benefits whilst increasing its initiatives to better transparency and conditions within the sector.”