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Glenhawk soars with record £54 million month of lending

by | Jun 6, 2023

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Glenhawk, the established specialist real estate lender, has enjoyed a record month of lending in May, providing £54 million of short term finance.

An increasingly wide ranging product suite, funding certainty and strong track record, coupled with fewer available lending options in the market, has seen unprecedented demand for Glenhawk’s unregulated and regulated products.  

May highlights included: 

  • £54 million of loan completions, a 47% increase on the previous record month 
  • 65 new loans originated with an average size of approximately £1.2 million and an 80% unregulated / 20% regulated split
  • 34% increase in enquiries in May versus April

According to the Association of Short Term Lenders, bridging lenders transacted a record £278.8 million in bridging loans during the first quarter of 2023, a 30% increase on the previous record (£214.7 million in Q3 2022) and a 68% jump on Q4 2022 (£166.3 million).

 
 

Guy Harrington, CEO of Glenhawk, commented: “This is another major milestone for the business and the incredibly talented team that we have assembled. For real estate investors and owners who continue to recognise real estate’s historically defensive characteristics, we remain the non-bank lender of choice. Whilst the backdrop is requiring us to remain highly disciplined in our underwriting, our certainty of funding, increasing breadth of products and depth of broker relationships has seen us buck wider market trends and increase our  market share.”

Last week Glenhawk won Alternative Lender of the Year at the Credit Awards 2023. It follows its inclusion last month in the Sunday Times’ Best Places to Work 2023 list, in recognition of both the focus it places on talent development and retention and employee health and wellbeing, as well as the pioneering role it has played in mainstreaming and professionalising the UK bridging sector. And in March, it debuted at number 136 on the latest FT1000, which ranks Europe’s Fastest Growing companies based on revenue growth in the three years to 2021.

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