Glenhawk has reported a record month of lending in May, providing £54 million of short-term finance.
This represented a 47% increase on the previous record month.
65 new loans were originated with an average size of approximately £1.2 million and an 80% unregulated / 20% regulated split.
The lender also saw a 34% increase in enquiries in May compared to 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 (pictured), CEO of Glenhawk, said: “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.”
