Member Article

Healthy regional spread sees Amicus top £72m in record lending month

London-based short term loan provider Amicus Property Finance is celebrating a record month of lending as financing arrangements for schemes across the UK helped push financing deals to £72m in July.

Pointing to a ‘buoyant’ short term lending market and the recent launch of its Manchester office, the finance company sealed a string of financing deals for ventures including developers seeking planning permission for a 240-flat Surrey scheme, outline planning for a commercial site in Suffolk and the purchase of a development site in the Midlands.

Focusing on brokers, professional landlords and developers, Amicus provided over £500m in short term property loans last year and has hailed a similarly ‘strong’ start to 2017 too.

Keith Aldridge, Managing Director at Amicus Property Finance said the business was ‘delighted’ to have achieved its record month in lending and credited its focus on relationship building for its impressive figures.

He commented: “We’ve seen tremendous growth over the last few years as our localised relationship-based approach resonates well with property professionals looking for specialist lending solutions in a buoyant short-term property market.

“We build our most successful loans on the bedrock of effective collaboration and strong relationships. Furthermore through our new Manchester office we have expanded nationally, cementing a strong on-the-ground base to fund local projects and service clients who are often overlooked by more mainstream lenders.”

Amicus has also said that it is seeking its full banking license this year to further progress with its long-term growth aspirations.

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