"Non-bank bridging finance is a fast-growing sector in the UK and our ambition is to become one of the leading players in the market over the next three to five years."
Specialist financier Falcon Group has launched Falcon Bridging Finance, which will offer a range of non-regulated products for both the residential and commercial property sectors via intermediaries.
Falcon Group’s latest venture will offer bridging loans of up to £10 million with tenors of up to 24 months and a loan-to-value of up to 75%.
Heading up the bridging finance team is Paul Brooks, Falcon Group’s head of asset backed lending.
Brooks will also be joined by newly appointed Donna-Louise House, who has held previous roles at LendInvest and Shawbrook bank.
Will Nagle, CEO at Falcon Group, commented: “This new venture demonstrates our commitment to the UK market and is reflective of business diversification and expansion strategy. Non-bank bridging finance is a fast-growing sector in the UK and – as the first publicly rated bridging lender – our ambition is to become one of the leading players in the market over the next three to five years.”
Donna-Louise House, head of underwriting at Falcon Bridging Finance, added: “I’m thrilled to be part of this exciting venture for Falcon Group, and very much look forward to welcoming some key hires to the team over the coming months. Falcon Group has an unprecedented track record as a non-bank lender in the trade finance world, and I’m confident that we will replicate that success in the bridging finance market. Indeed, as a market that – over recent months – has experienced some negative attention, I’m certain that Falcon Bridging Finance will be the game changer that the industry needs.”