Ascot Bridging Finance secures £25m investment and ups maximum loan size
By Andreea DulgheruAscot Bridging Finance has obtained £25m of funding to support more borrowers as it enters its third phase of growth.
Section: Products
The Cheshire-based bridging lender initiated its second phase in July 2020, after securing a mix of wholesale and private funding, which enabled the business to increase its lending capacity two-fold.
Since, it has expanded its specialist team with senior BDM, Andy Gray (pictured above), and senior underwriter, Roxann Robinson.
The latest investment has resulted in Ascot Bridging Finance boosting its maximum loan size ten-fold to £5m and increasing its maximum term to 18 months.
“When I joined Ascot Bridging Finance, the plan was to support phase two and work towards phase 3,” said Andy.
“It is a testament to our hard work and inclusive teamwork that we can start our next phase so quickly.”
The lender revealed to B&C that further tranches of funding will become available as soon as they are required.
The company is set to continue bolstering its team this year with a new underwriter, BDM and marketing manager.
Kevin Gibson, operations director at Ascot Bridging Finance, added: “We have a strong team who are dedicated to providing lending solutions to meet our clients’ needs while maintaining the highest level of customer service.
“I am proud to be part of a team who deliver on their promises.”
Keywords: ascot bridging, ascot bridging finance, andy gray, bridging finance, bridging lender, bridging funding, bridging funding line, bridging funder, bridging broker, bridging loans, bridging lending, bridging lender funding line