Short-term lending solution to benefit UK-wide property developers
Are you a property developer or investor in England or Wales needing a short-term lending solution to boost your portfolio?
Do you require a quick lending decision to purchase property? If so, Cornerstone Capital, a privately-funded commercial lender, could be your answer.
Cornerstone Capital, which initially launched in 2021 to bridge a gap and support property developers and private investors in Wales, has now expanded to offer funding solutions to commercial clients across the whole of England and Wales.
Following the successful pilot in Wales, which saw the company support more than 20 SME clients in furthering their business aspirations, Cornerstone Capital will now provide funding between £25k – £500k as a short-term lending loan to commercial clients outside of Wales.
Commenting on the expansion, Chief Executive Officer for Cornerstone Capital, Haydn Thomas, said:
“We are hugely excited to expand our offering outside of Wales. We initially launched to support the regeneration and growth of the Welsh economy post-Covid and this pilot was so successful, it’s now the right time to spread the benefits to commercial clients further afield.”
“We know the property market is buoyant and opportunities are getting snapped up, and this is where we can assist. As a privately-funded solution, which has successfully lent and repaid over £5 million of bridging finance, we pride ourselves in being able to act quickly – our fastest completed loan, to date, has been arranged within a week, enabling our clients to quickly realise opportunities.”
Cornerstone Capital is part of The Cornerstone Finance Group – a hub of financial industry experts offering specialist interlinking services that work together. The Group operates across five different sectors of the UK financial services market – commercial finance, commercial insurance, wealth, mortgage and protection.
Cornerstone Capital recently helped Penarth’s Victoria Moreton add to her property portfolio. With a property located in a highly sought after location, competition was fierce, and Victoria needed to evidence that she could complete the sale quickly.
Working with businesses across the Cornerstone portfolio, within 24 hours Cornerstone Capital was able to agree an agreement in principle that it would provide a loan to cover 100% of the purchase price of the apartment using a commercial property which Victoria owned outright as security. This agreement was issued the same day, alongside a letter to the selling agent confirming funding was available and completion was targeted within 6 weeks.Upon completion, Victoria said:
“I can’t thank the team enough – I would highly recommend Cornerstone Finance. The communication was incredible, and I always felt like top priority, which is pretty rare these days. Thank you.”
Need help? Our team of independent experts are here to provide you with tailored financial advice. Come and speak to us for financial expertise you can trust, with solutions built around you.