The latter has been launched to initially target the £100,000-1m funding gap in the market and will provide bridging finance for property refurbishments, refinance, investments and small developments.
Bond Wolfe is known for its commercial and industrial agency, but Charles London, director at Bond Wolfe Finance (pictured above), said that the new division would consolidate its full service offering to clients.
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“While our agency business has been booming, many of our clients have struggled to secure a reliable lender to work alongside them on swift timescales, often putting great deals in jeopardy.
“Bond Wolfe has been providing clients and developers short-term and mezzanine finance for some years and the decision to bring this offering to a wider market was inevitable.
“Unlike the majority of operators, we are the principal lender in all transactions enabling us to release funds in under seven days and offering our clients an unrivalled one-to-one service.
“Our funds are immediately available on a first charge basis, typically for up to 75% of the property value.”
Bond Wolfe has seen a market in larger loans to assist SME developers who may need support to bring their products to market in a quicker timescale.
Charles continued: “Our criteria for larger loans is subject to individual negotiation, but our commitment to this sector is the same.”
He stated that the new operating division was being launched predominantly in the Midlands as this was a region well known to Bond Wolfe and its directors.