Bond Wolfe launches bridging lender

The Bond Wolfe Finance arm will fund refurbishments, re-finance, investments and small developments.

According to reports, the West Midlands-based lender is targeting deals of £100,000 to £1m ,typically of up to 75% loan to property value.

It will also consider larger loans on an individual basis for small and medium size developers.

Mezzanine and equity finance

The organisation already operated Bond Wolfe Capital which provides mezzanine and equity finance for property projects, as well as providing short-term finance for a variety of property acquisitions.

It does this in return for a share of the profits generated with capital commitments ranging from £250,000 to £5m per project, for time periods spanning from one month to two years.

The mezzanine and equity finance is available for experienced property developers and investors within the West Midlands.

The lender said that its agency business had been finding it increasingly difficult to source reliable lending within short timescales, so decided that extending its finance offering was the next logical step.