The buyout of the asset leasing and finance company, which specialises in vehicle, property, air and marine finance, is the latest acquisition after Mayfair in December 2014.
Amicus provides first and second charge lending on residential and commercial investment properties for purchase, refurbishment and development.
The firm said it feels the change of name will better support its strategy of broadening its lending proposition.
Amicus managing director Keith Aldridge said: “We have seen fantastic growth since launching the business five years ago, trebling the size of the business last year alone to deliver nearly £150m of new lending.”
The short-term lender extended its deal-term out to 18-months from six months in mid-summer last year and Aldridge told Mortgage Solutions it is doing more development finance now than ever before.
The financier’s strategic plans will be driven by a feasibility study with launching into the banking sector one of four options the lender is currently exploring.
“The cost of a banking licence from the PRA is always a big factor so if there are other methods of securing funding it could well be that that dictates our direction,” he said.
Any bid for a banking license is unlikely to happen before the next two to three years, said Aldridge.
Capital Bridging Finance was formed in 2009 by Aldridge and the firm is authorised to enter into and administer regulated mortgage contracts, including first charge loans to individuals on an owner occupier basis.
