New bridging lender enters the market

New bridging lender enters the market


As 2010 gets underway and activity in the bridging finance sector picks up substantially from last year, it would seem that newcomers are ready to dip their toes into the cold waters of short term lending. 

One of these firms is Levene Commercial Finance, which has launched its own bridging loans line. The firm’s website says that it specialises in large loans, ranging from £50,000 to £10 million, whilst loans of up to £15 million can be considered for experienced property professionals.


Gary Starr, head of business development, commented: “Bridging is a very useful financial tool in today’s current market to take advantage of the opportunities of discounted property.


“With activity rife, now is a good time to buy and we can help. Like a lot of other bridging companies we go off the open market value and can lend 100% of the purchase price. Rates are competitive and, unlike certain bridging companies, we don’t charge upfront fees disguised as legal costs.”

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