Conceptual image illustrating bridging loans exceeding £2 billion - Global Banking & Finance Review
An illustrative concept image depicting the surge in bridging loans, which have exceeded £2 billion this year. This growth highlights the importance of bridging finance in the alternative lending landscape.
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HOPE CAPITAL SMASHES COMPLETION RECORDS

Published by Gbaf News

Posted on March 10, 2015

2 min read

· Last updated: December 7, 2018

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Hope Capital Achieves Record Loan Completions

Hope Capital has completed bridging loans worth ten times more at the start of this year than it did over the same period last year.  In January and February this year Hope Capital completed almost £7m worth of loans.  Amongst that have been two of the largest loans ever completed by Hope Capital, including a £3.3m refurbishment loan.

HC-Logo

Strong Growth in Loan Book Performance

Whilst Hope Capital has only been in business for 4 years, in 2014 it more than doubled its loan book and if 2015 continues the way it has started, Hope Capital will increase that again ten-fold.

The increase in business is a clear reflection of just how far Hope Capital has come in the space of 12 months and its growing reputation as a quality lender with high service standards that does what it says it will.

Jonathan Sealey

Jonathan Sealey

Leadership Perspective on Rapid Progress

Jonathan Sealey, chief executive officer of Hope Capital says, “Hope Capital started in 2011 as a family run business. Our lending figures for the start of this year reflect just how far we have come in this time.  We receive frequent feedback that brokers appreciate the flexibility that we offer.  Because we have our own funds and are not reliant on an external credit committee we can judge every case on its own merits rather than having to stick to a rulebook, we can make loan offers and release funds in a very short space of time.

Personalised Service and Market Expansion

“The business has doubled in size in the last year but we are niche enough that every broker can always speak to a director at any time if they require. The bridging market is still expanding and the surety of service that we can offer at Hope Capital appears to be in growing demand.”

Key Takeaways

  • Hope Capital completed bridging loans worth nearly £7 million in January–February this year, ten times more than the same period last year.
  • They executed two of their largest-ever loans, including a £3.3 million refurbishment loan.
  • In just four years since founding, Hope Capital has more than doubled its loan book in 2014, and 2015 is on track for tenfold growth if the trend continues.
  • Their growth is attributed to flexible underwriting using own funds, speedy decision-making, and broker-accessible service.
  • CEO Jonathan Sealey emphasizes personal service and rapid fund release without relying on external credit committees.

References

Frequently Asked Questions

How much did Hope Capital complete in bridging loans at the start of this year compared to last year?
They completed almost £7 million, which is ten times more than in the same period last year.
What are the notable large loans mentioned?
Among the loans were two of the largest ever completed by Hope Capital, including a £3.3 million refurbishment loan.
When was Hope Capital founded and how has its loan book grown?
Founded in 2011, the business more than doubled its loan book in 2014, and if 2015 continues at the same pace, it is expected to grow tenfold again.
What operational strengths does Hope Capital attribute its growth to?
They credit their own funds allowing flexible, merit-based underwriting, rapid decision-making and fund release, and accessible service where brokers can contact a director directly.
Who is the CEO and what does he say about the company’s service?
CEO Jonathan Sealey says they offer speed, flexibility and personal service—brokers can always speak to a director—and they deliver on what they promise.

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