The loan, which totalled at £3.3 million with a 3 month term, will allow for major refurbishment and redevelopment works to be completed on the property.
John McNamara, the Chief Executive of Focus Commercial who brokered the deal, said this deal once again showed that Hope Capital delivers on service, speed and reliability.
“We have placed clients with Hope Capital before and we knew this loan would be more than double Hope Capital’s usual maximum loan size, but we had the confidence and trust in Hope to approach them as they are a flexible lender which takes a positive commercial lending view,” said John.
“Hope Capital also had the belief in Focus Commercial’s ability to back our judgement and delivered with speed and dedication to get the deal completed in a very short time.”
The three-year-old lender has seen a steady increase in its loan size and Chief Executive Officer, Jonathan Sealey, said Hope Capital is expanding rapidly, having doubled its loan book in the last year.
“As the credibility and reputation of our company grows we are seeing increasing demand for higher loan sizes,” said Jonathan.
“We have our own funds and are not reliant on an external credit committee so we can be completely flexible; therefore we can look at a loan of any size as long as it’s a good case with the right security and the right exit route.
“This flexibility and surety of decision is proving increasingly attractive to brokers and their clients which is reflected in the success of this recent, large loan request.”
To deal with the increase in demand, Hope Capital has increased its staff numbers and the beginning of 2015 has been the most successful year start in the company’s history.
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