London-based investment manager, Downing LLP, has provided wholesale financing to short-term property lender Greenfield Mortgages.
The facility will be used to grow the business and expand its reach to new clients, according to Greenfield Mortgages chairman Steve Smith.
The Birmingham-based lender was founded in 2009 and offers regulated and unregulated bridging loans across England and Wales for residential property, commercial and semi-commercial properties, homes in multiple occupation (HMO) and homes needing refurbishment.
Loan terms can be up to 12 months and rates start from 0.49 per cent per month. The minimum loan size offered is £26,000 and the maximum is £5m.
According to its website, from enquiry to completion the team can “turn things around in seven days”. It can give rejections in a timely manner and explain the reasoning behind them.
Ian Allder, investment director at Downing, said: “We’re delighted to be working with Greenfield Mortgages. This new partnership underscores our continued commitment to the wholesale finance market and the property sector.”
David Grant, operations director and co-founder at Greenfield Mortgages, added: “It has been a great experience working with the team from Downing and we’re excited to be even better equipped now to embark on the next stage of our growth journey.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.