Yesterday we announced exclusively with Specialist Lending solutions that we are expecting to complete £100m of lending next year
Speaking to Specialist Lending Solutions, our COO Max Lehrain said
“We’re growing quite rapidly now and expect to lend £100m next year, which would be three times what we’ve lent to date,”
“By Q1 next year we are looking for our target deal size to be around £3m. We don’t want to disappoint anyone and with development finance the borrower generally doesn’t need all the funds straight up front.
“There’s plenty of room to play in space between £500,000 and £5m where other conventional sources of funding are less active and because of the way the business is built our costs don’t go up exponentially as we grow,” he added.
Read the full interview here.
