David Rainford

PMJ Capital exceeds £50m lending milestone

PMJ Capital has announced it has delivered over £50m in lending.

Over the past six months, the North West-based lender has seen enquiry levels increase by over 80%, having looked at bridging and development deals worth in excess of £75m across the North West, its main area of operation, and beyond, including including Derby, Sunderland and Wales.

Some of PMJ Capital’s completions include a £180,000 facility to Beluga Projects to cover the planning and option costs for a 52-unit BTR apartment scheme in Sheffield, and a £800,000 funding line to Arbor Living on the second phase of a retirement village in Lymm.

Most recently, the lender completed a £1.35m loan for the third and final phase of Waypoint Development and Construction’s scheme in Casterton, Kirby Lonsdale.

PMJ Capital was launched in 2015 by leading accountancy and advisory practice Cowgills, alongside P&MJ Wright Holdings.

David Rainford, managing director at PMJ Capital (pictured above), said: “2020 was extremely challenging for the industry, [but] we remained incredibly active working with our longstanding developers, entrepreneurs and introducers across the [North West] on some exciting projects.

“We also welcomed a number of new clients and funded schemes in areas away from the North West, including Yorkshire, Derby and the North East.

“December was one of the busiest months in our history, with deals still completing right up to Christmas Eve, which took us to the £54m mark — a fantastic accomplishment for the team.”

David claimed that the company’s success was down to its “straightforward and honest approach”.

“As independent lenders, we are able to make flexible and informed decisions.

“I believe that this has really been valued by our clients over the past nine months — in fact, a number of our new relationships have been gained after deals with other lenders fell through.”

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