Beaufort Capital launches bridging lender
UK development finance lender Beaufort Capital has launched a dedicated bridging finance business that aims to deploy over £500m in the first three years.
Beaufort Bridging will provide bridging finance facilities ranging in size from £1m to £75m+, lent against a wide range of assets including residential, semi-commercial, commercial and undeveloped land.
Beaufort Capital has supported property developers for over 12 years with senior, mezzanine and equity funding. It said that the launch of its bridging business means that established developers can benefit from accessing both bridging and development finance through Beaufort.
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Beaufort Bridging officially launched today but has been written ready to selected brokers and established borrowers to ensure internal processes are running efficiently.
“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,” said Paul Norman, co-founder of Beaufort Capital Investment Management.
“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.”
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