Lender opens its doors for new investment

Lender opens its doors for new investment




Alpha Bridging, the intermediary-focused bridging lender, has launched a retail bond to investors offering 10 per cent gross per annum over three years..

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p>Alpha Bridging, the intermediary-focused bridging lender, has launched a retail bond to investors offering 10 per cent gross per annum over three years.

The bond will pay interest quarterly in arrears with the full return of capital at redemption with the option to request a one year extension at maturity if the investor wishes.  The bond will have the benefit of the guarantee of Alpha Bridging Solutions Limited, whose assets will include over £7 million in cash and secured loans.

The minimum subscription per applicant is £10,000 and thereafter in multiples of £5,000.  The bond is available to both personal and corporate investors and qualifies for holding in a SIPP.

Mercedez Binning, Managing Director commented: “As one of the fastest, most flexible bridging loan companies in the UK, we’ve been expanding rapidly and now seek further funds for growth.  The company has always been profitable and the profits have been reinvested in the business, but we now intend to capitalise on our success and accelerate our growth by launching our first public bond.  The bond is strictly limited to just £3 million and with a generous 10 per cent annual coupon, we expect it to be fully subscribed quickly, so recommend those who are interested to act promptly.”

The closing date for applications is 5:00 pm on 31 December 2014, but as the offer is strictly limited to £3 million, applications for the bond will be dealt with on a ‘first come, first served’ basis and it is expected to close early.

Ends

Editors’ Notes

For further information, see www.alphabridgingsolutionsbond.com

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