Established West Midlands property consultants Bond Wolfe have branched out to launch Bond Wolfe Finance, initially targeting the £100,000 to £1 million funding gap.
The West Bromwich-based property consultancy is best known for its commercial and industrial agency but Charles London, director of Bond Wolfe Finance, said the new division would consolidate their full service offering to clients.
“While our agency business has been booming, many of our clients have struggled to secure a reliable lender to work alongside them on swift timescales, often putting great deals in jeopardy. Bond Wolfe has been providing clients and developers short term and mezzanine finance for some years and the decision to bring this offering to a wider market was inevitable” he said.
Bond Wolfe Finance offers bridging finance for property refurbishments, re-finance, investments and small developments.
“Unlike the majority of operators, we are the principal lender in all transactions enabling us to release funds in under seven days and offering our clients an unrivalled one to one service. Our funds are immediately available on a first charge basis, typically for up to 75 per cent of the property value,” said Charles London.
The company also sees a market in larger loans to assist small to medium sized developers who may need support to bring their products to market in a swifter timescale.
“Our criteria for larger loans is subject to individual negotiation, but our commitment to this sector is the same,” he added.
He said the new operating division was being launched predominantly in the Midlands as this was a region well known to Bond Wolfe and its directors.
“We have an established client base and footprint in the Midlands region, and we are confident in the area’s growing success,” he said.
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