The bridging lender said it now accounts for a “significant percentage of all bridging transactions” after its West One Bridging Index placed the total size of the market at around £3.2bn for the year to October 2015.
Stephen Wasserman, Managing Director of West One Loans, said an increasing number of borrowers now recognise the usefulness of short term finance and this has resulted in the continued growth of the bridging market.
“2015 was our first full calendar year as part of the Enra Group and the support and guidance they have afforded us has allowed West One Loans to operate on an even higher level than we were previously,” said Stephen.
“Being part of the same group as a specialist loans distributor in Enterprise Finance has widened our reach and influence.”
Stephen said bridging looks set to enjoy another strong year and believes that there is no reason why West One can’t match or even better last year’s result.
“Businesses and developers know that short term finance is secure, speedy and can be the difference between success or failure for a variety of projects,” said Stephen.
“As the market grows, we will continue to evolve with it and be at the very forefront of what modern bridging looks like.
“With the latest West One Bridging Index showing that the sector is worth more than £3bn every year, we look forward to helping push it towards the £4bn mark.”
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