December 6th, 2017.
2017 in Review: A Great Year for Pure Property Finance
We can’t believe it’s nearly the end of 2017! Time flies by when you’re working on fast-paced finance deals, so we’ve decided to look back on the last twelve months and round-up some of our highlights of the year.
Our MD Joined the AOBP Executive Committee
Back in July, we revealed that the Association of Bridging Professionals (AOBP) had appointed three new members to its executive committee and that our Managing Director, Ben Lloyd, was one of them.
Ben said at the time:
“Since inception the AOBP has always stood for higher standards in the industry and acted to provide a focus point for the industry to talk to government and regulators.
“I look forward to building on the vital work undertaken by previous committee members and push forward the Association’s exciting agenda on behalf of its members.”
A Bumper Year for Industry Awards
We’re extremely proud of our team of commercial finance brokers and the hard work they put in to securing competitive deals for our clients, and are happy to say that they have been recognised for their efforts in the form of many awards this year.
Pure Property Finance won Best Bridging Broker of the Year at the 2017 Bridging and Commercial Awards, won Best Broker: Development Finance at the SFI Awards 2017, and was nominated and highly commended for Development Finance Broker of the Year at the Moneyfacts Awards 2017.
Our Team Has Expanded Considerably
With award-wins and a growing client base, we’ve been able to recruit new finance talent and expand the Pure Property Finance team considerably.
With more specialist commercial finance brokers and supporting staff members, we look forward to further growth in 2018.
We’ve Worked on Some Incredible Deals
Bridge Secured from 5,000m Away – In October we had an unusual ‘deal of the month’ after two clients approached us with a complex case. They required just under £900,000 over nine months to purchase a large ten-bedroom house, however both parties were foreign nationals and one of the clients would be in India for the duration of the project.
Bridging Funds Released Within 100 Hours – Unregulated commercial bridging loans allow speedy completion times and that was certainly the case for one such deal which our Specialist Property Finance Broker Tom Rowlands secured this summer.
The enquiry came in Monday morning, a formal offer was made Tuesday and the offer was accepted and the funds were released Thursday.
Development Funding for a £10m Property Purchase – We recently worked with Octopus Property and Vivant Homes to secure funding for the purchase and development of Alexandra House – a 2/3 story, 1930s office building in West London which will be refurbished and extended to house 21 high-quality studio, one and two bedroom flats.
The Most Popular Pure Property Finance Blogs of the Year
Lastly, we would like to wish a Merry Christmas and a very happy new year to all our staff, clients, lenders, and everyone else who has made 2017 a bumper year.