Glenhawk, the specialist real estate lender, has recorded a record month of lending in May, providing £54m of short-term finance.
Its wide-ranging product suite, coupled with fewer available lending options in the market, has seen unprecedented demand for Glenhawk’s unregulated and regulated products.
For the month of May, the specialist lender saw £54m worth of loan completions (a 47% increase on the previous record month) and 65 new loans originated with an average size of approximately £1.2m.
These figures marked a 34% increase in enquiries for lender when compared to the month prior.
Guy Harrington (pictured), CEO of Glenhawk, said: “This is another major milestone for the business and the incredibly talented team that we have assembled.
“For real estate investors and owners who continue to recognise real estate’s historically defensive characteristics, we remain the non-bank lender of choice.
“Whilst the backdrop is requiring us to remain highly disciplined in our underwriting, our certainty of funding, increasing breadth of products and depth of broker relationships has seen us buck wider market trends and increase our market share.”
In addition, Glenhawk won Alternative Lender of the Year at the Credit Awards 2023 last week.
The award follows its inclusion last month in the Sunday Times’ Best Places to Work 2023 list, in recognition of both the focus it places on talent development and retention and employee health and wellbeing, as well as the pioneering role it has played in mainstreaming and professionalising the UK bridging sector.
And in March, it debuted at number 136 on the latest FT1000, which ranks Europe’s Fastest Growing companies based on revenue growth in the three years to 2021.
