Privately funded bridging lender Hana Capital has entered into the market and says it will offer a “simple, trustworthy solution for both brokers and borrowers” that will make it “stand out in a crowded lending market”.
The lender is backed with funding from ultra-high-net-worth individuals and family offices, which it says gives its complete control of its lending and drawdown processes.
It added that the private funding meant it had the “freedom to bypass credit committees and funding line approvals” and it would not alter terms or withdraw from deals at the last minute.
Hana Capital is led by Hersh Patel and is headquartered in London.
The lender said it does not charge processing fees, administration fees, extension fees, early repayment charges or exit fees. It said that it would “take zero fees until the loan completes”.
It added that it had no minimum term and could offer loan sizes from £1m to £50m.
The company added that it aimed to offer completions within 48 hours, and no rental or income criteria was needed.
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.