Bridging Finance Solutions exceeded the £100m lending barrier in January this year, marking a significant milestone for the growing bridging and development finance firm.
It has now only taken less than six months for BFS to hit £110million of lending.
Lee Gilmore, Head of Business Development at Bridging Finance Solutions explained: “BFS has grown steadily and organically during the past 15 years. Growth has really ramped up during the past six months and we’ve lent in excess of £10million in this period alone.
“Having analysed lending patterns, we believe this is due to several factors. We’ve increased our geographical coverage and engaged with more clients in the south of the country, where deals are typically larger; we are finalising more development deals; we are also structuring deals in such a way that they are more appealing to a broader audience.”
With growth averaging a typical 30% year on year, BFS has exceeded this figure to realise 88% growth in 2021 year to date.
Lee continued: “We are receiving new enquires from new customers every day. Activity within the property market shows no signs of waning and interest in complex or challenging property deals is intensifying as more people are looking to find projects with potential to realise strong yields.
“We expect this upward trend to continue for the remainder of 2021.”