1 deal turns into 5 for Mint Bridging

1 deal turns into 5 for Mint Bridging




Hot on the heels of last month's exclusive B&C announcement that Mint Bridging funded a loan secured on a garage, the lender has since completed funding….

Hot on the heels of last month’s exclusive B&C announcement that Mint Bridging funded a loan secured on a garage, the lender has since completed funding on another five separate garages.

Last month, B&C exclusively revealed that Mint Bridging had provided a loan secured against a lock-up garage in Fulham, which then led to further enquiries of a similar nature in Central London.

Andrew Lazare, Managing Director of Mint Bridging commented: “As a result of the Bridging & Commercial article, we received a further raft of enquiries and were comfortable agreeing terms on the new loans.

“Our brokers understand that we are prepared to take an entrepreneurial approach to lending and we are generally happy to consider proposals which don’t necessarily ‘tick all the boxes’ for most other lenders.”

Andrew also announced that it is set to make changes at the firm: “In the next few weeks, we will be adding further personnel to the Mint team, as well as introducing a new product range, offering higher LTVs,” said Andrew.

When talking about the types of deals Mint is happy to offer terms for, Andrew said: “Our view is that as long as there is sound commercial logic to any proposal, we are willing to consider offering terms”.

“We always meet potential borrowers to establish a rapport and gain a full understanding of their aspirations on each deal. We listen to what the borrowers hope to accomplish and work with them to achieve their goals. I have been delighted that this ‘hands on’ approach has produced such a positive response from borrowers and brokers, who appreciate the personal involvement of the company’s Directors at all stages, including the ability to discuss individual cases directly with the decision makers, 24/7.

“As our business has developed, we have experienced a 300 per cent increase on the level of enquiries over the last year with a consequent uplift in deal conversion, so we are looking forward with great confidence to 2015.”

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