The boutique commercial finance consultancy arranged £62m of loans for its clients during March, up 94% on the £32m recorded in the same period last year.
In Q1 2018, Mantra Capital arranged £87m of loans in total, compared with £62m during Q1 2017, up 40%.
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“With the supply deficit so extreme, the development market is seeing unprecedented activity levels,” said Nick Neophytou, managing director at Mantra Capital (pictured above).
“There is no shortage of experienced developers hungry to build, and equally a raft of lenders that are ready and willing to provide finance.
“At the current point in time, the challenger banks and niche lenders are particularly active.
“We are seeing a definitive shift away from price and product towards speed and certainty of execution, which is where the challengers come into their own.”
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