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42: Propifi Joins the Deepbridge Discovery Podcast
Manage episode 404999306 series 3305030
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Rodney Black (CEO at Propifi) joins the Deepbridge Discovery Podcast to discuss his background, the types of organisations that Propifi lend to and why the state at which they lend is particularly interesting and Mike McWilliam (Regional Director - Scotland & Northern Ireland) joins to discuss how the lending Propifi does may be an appealing asset class for a Business Relief solution.
About Propifi:
Propifi are here to assist companies and individuals with short term financing until permanent financing is secured.
Before the credit crunch in 2008 bridging finance was only offered by a small number of specialist lenders.
As mainstream banks tightened up their lending criteria, a gap in the market developed to assist those homeowners and landlords looking for short-term finance. Bridging provided quick access to finance for those wishing to buy a new property before completing the sale of an existing one. Bridging finance has now evolved to provide property developers a similar advantage.
The UK bridging market is currently worth £4.5bn, a large proportion of this relates to property developers looking to progress developments with bridging finance.
About Propifi:
Propifi are here to assist companies and individuals with short term financing until permanent financing is secured.
Before the credit crunch in 2008 bridging finance was only offered by a small number of specialist lenders.
As mainstream banks tightened up their lending criteria, a gap in the market developed to assist those homeowners and landlords looking for short-term finance. Bridging provided quick access to finance for those wishing to buy a new property before completing the sale of an existing one. Bridging finance has now evolved to provide property developers a similar advantage.
The UK bridging market is currently worth £4.5bn, a large proportion of this relates to property developers looking to progress developments with bridging finance.
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