Falcon Bridging Finance will offer a range of non-regulated products for the residential and commercial property sectors via financial intermediaries in England and Wales.
Falcon Group’s latest venture will offer bridging loans of up to £10m with tenures of up to 24 months, and a loan-to-value (LTV) 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 – previously of LendInvest and Shawbrook Bank – who brings 18 years’ experience to the post.
Five year plan
Will Nagle, CEO at Falcon Group, said: “This new venture demonstrates our commitment to the UK market and is reflective of our business diversification and expansion strategy.
“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.”
Donna-Louise House, head of underwriting at Falcon Bridging Finance Limited, 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.”