Bridgebank nears 'significant' investment

The bridging lender is currently in the final stages of completing the investment reorganisation which will see it become part-owned and financially backed by a major property and finance-based group.

Bridgebank has revealed that as a result of these changes, new product offerings are being developed, which may see the business rebrand part of its activities going forward.

The lender had hoped to conclude these changes ahead of the NACFB Expo last month, however the process had not completed in time.

A spokesman for Bridgebank said that this was an exciting time for the company with a great deal of opportunity on the horizon.

“While the company finalises the structure for the investment and gives due consideration to the wealth of opportunity provided by this process both for the company and what we offer to the market, the decision has been taken that all current formal marketing should be put on hold.

“We do, however, look forward to promoting a new suite of products to the sector in the coming months.”