Masthaven has become the latest lender member of the Bridging & Development Lenders Association (BDLA).
Originally established in 2005, Masthaven is a specialist property finance lender with an offering that includes bridging and development finance. Its previous owners ceased lending in 2022 but Andrew Bloom, founder, majority shareholder and chief executive of Masthaven Group and Masthaven Bank from 2005 to 2020, completed his acquisition of the brand last month and merged it with his existing lender, Spring Finance, to trade under the Masthaven brand.
Its range of bridging products has been designed to serve clients with a wide range of requirements including speed of transactions, multiple securities, complex credit and refurbishment projects. Masthaven’s development finance is available for single builds, multiple builds, part-built developments, conversions large extensions and developer exits.
The BDLA currently has 48 lender members with a collective loan book exceeding £10.3 billion, alongside 44 associate members.
Vic Jannels, CEO of the BDLA, said: “I’m delighted to welcome Masthaven as the latest lender member of the BDLA. Our association is fast approaching 50 lender members, a testament to the growing recognition of our role in advocating for the bridging and development finance sector.
“As we continue to expand, so does our influence in shaping the industry’s future, promoting best practices, and ensuring that the needs of lenders and borrowers are met. Masthaven’s expertise and commitment to high standards make them a valuable addition to our growing membership.”
Claire Newman (pictured), director of bridging and development Finance at Masthaven, said: “We are thrilled to join the BDLA and be part of an association that is committed to driving progress and innovation in the bridging sector.
“At Masthaven, we take great pride in offering flexible and tailored financial solutions that support property investors and developers in achieving their goals.
“Becoming a member of the BDLA aligns with our mission to contribute positively to the industry, collaborate with like-minded professionals, and help shape the future of specialist lending.”
