Veritas Financial announce a record month of bridging loan completions

This achievement helped the Merseyside based master broker to generate an 370% increase in its 2016 loan completions, compared to the same period last year.

Online PR News – 22-May-2016 – London, England – Veritas Financial recently increased its lending panel to accommodate 3 new bridging lenders and this led to them completing the largest loan in their history at £7.2m which was for an office block in North London that was being converted into luxury apartments through permitted development rights (PDR).Other loans provided by Veritas in 2016 included a £1.35m loan to redeem existing charges on four residential properties, a £1.19m loan for a client to buy an investment property abroad and a £891,000 loan to re-finance an existing bridge on a semi-commercial property in Solihull, near Birmingham.Paula Harrison, Managing Director, said she was delighted that all of the team\'s hard work had finally paid off.“With only a handful of staff at this time last year to a team of 11 case managers, underwriters and BDM\'s, I’m so proud of what we’ve all achieved,” said Paula. “Closing such a mammoth number of deals in a single month is extraordinary, and is a fantastic achievement from the team and a testament to their hard work and dedication.”Paula added: “Our biggest selling points are our speed, our funding expertise and our understanding of complex transactions. “Our credit team has substantial experience of analysing and executing diverse transactions and have an exceptional knowledge of the current market.Veritas has funded more than 200 bridging finance deals since launching in early 2015 and lend their own funds in addition to working with over 50 bridging finance lenders.