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Record lending for Amicus after Manchester launch

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  • 08/08/2017
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Record lending for Amicus after Manchester launch
Bridging lender Amicus Property Finance says it achieved record lending in July of £72 million after expanding its offering into the North West.

The lender launched in Manchester late last year in an attempt to capitalise on the Northern Powerhouse initiative and “a part of the UK that is seeing high levels of growth despite an uncertain national economic backdrop”.

Keith Aldridge, managing director at Amicus Property Finance, said: “We are delighted to have achieved a record month of lending. We’ve seen tremendous growth over the last few years as our localised relationship-based approach resonates well with property professionals looking for specialist lending solutions in a buoyant short-term property market.

“We build our most successful loans on the bedrock of effective collaboration and strong relationships. Furthermore through our new Manchester office we have expanded nationally, cementing a strong on-the-ground base to fund local projects and service clients who are often overlooked by more mainstream lenders.”

The lender says it hopes to receive its banking licence later this year

 

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