Bridging
Hana Capital enters bridging market with aim to ‘stand out’
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.
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The company added that it aimed to offer completions within 48 hours, and no rental or income criteria was needed.