Commercial News

Development finance demand sparks 300% growth at Positive Commercial

Rozi Jones -
|
19th July 2018
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"There has never been a better time for developers to take advantage of the abundance of funding options out there"

Specialist commercial broker, Positive Commercial Finance, has announced an increase in turnover of more than 300% in H1 compared to the first half of 2017.

Positive says its current turnover this year has already eclipsed the figure for the whole of 2017.

Development finance facilities contributed to the majority of fee income, with over £75m worth of development loans completed in June alone.

John Waddicker, Director, said: “We are delighted to be in such a great position to help bring some prominent property development schemes to fruition, and in being able to assist a truly diverse selection of SME developers to fund their projects.

"There has never been a better time for developers to take advantage of the abundance of funding options out there, as appetite from our panel of lenders is unprecedented.”

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