Faisal Arif, CEO of The Harrogate Group

The Harrogate Group provides £75m in six months



The Harrogate Group has announced it has provided £75m in short-term loans to property development projects across the Birmingham area over the past six months.


The lender has financed development projects including residential schemes, such the Jewellery Quarter scheme, student accommodation and a hotel – with a combined gross development value of more than £240m.

The group launched its private property fund last year to provide financial support for residential and commercial developments.

Faisal Arif, CEO of The Harrogate Group (pictured above), said: “Developers often need bridging finance quickly to take advantage of an opportunity to acquire a site and close a deal.

“The traditional high street banks are often unable to deliver on tight timescales; emerging private real estate finance providers are nimbler — we have advanced funds in as little as seven days for our developer clients.

“We are very proud that we are helping to kick-start new development at the same time as creating new jobs.”



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