Beaufort Capital has launched ‘Beaufort Bridging’, a lender focused on providing bridging loans across England, Scotland and Wales.
The business now offers bridging finance from £1m to more than £75m.
Loans can be secured against residential, semi-commercial, commercial and undeveloped land.
Developers using Beaufort for bridging loans can also move easily into development finance with the same lender.
Beaufort Bridging plans to lend over £500m in its first three years.
The new product has already been introduced to select brokers and borrowers to test internal processes.
Paul Norman, co-founder of Beaufort Capital Investment Management Ltd, said: “We are delighted to unveil our new bridging product which will build on the strengths of the market-leading Beaufort business and enhance our product offering.
“Beaufort Capital is very well capitalised and will provide certainty of funding to a market where certainty of delivery is of paramount importance and quick turnaround is often critical to meet the requirements of the borrower.”
Richard Titcombe, associate director at Beaufort Bridging, said: “We will continue to offer the bespoke, in-depth service that Beaufort Capital is known for, and apply our established principles to the continuously expanding bridging market.”
“With a great deal of turbulence in the global markets at the moment, we hope that we can offer our clients the benefit of assuredness, fast decision making and experience.”
