The development team is staffed by experienced development underwriters, supported by an expanded portfolio management team who are experts at supporting borrowers throughout the build.
Short-term lender Mint Bridging has separated out its development lending from its traditional bridging lending, with two distinct teams covering these two different types of lending.
The development team is staffed by experienced development underwriters, supported by an expanded portfolio management team who are experts at supporting borrowers throughout the build. This team is overseen by credit risk manager, Peter Howarth, who has several decades of development experience.
Andrew Lazare, managing director at Mint Bridging, said: “As we looked at our progression as a business and our recruitment over recent years of some very experienced and impressive staff, we felt that the time was right to create differentiated offerings for the two different types of lending, thereby providing our broker partners with greater clarity.
“Many lenders mix together development and traditional bridging into one team but we felt that it would be better to provide a structure which allowed each of our staff to concentrate on one, rather than both of these areas of lending given that they are so very different.
“We are very excited about being able to provide a bespoke service.”
With over 100 years of collective lending experience, Mint provides bridging, development and refurbishment loans as well as auction finance, re-bridging and commercial loans. In the near decade since it was formed, Mint has lent on a short-term basis in virtually every possible lending scenario.
Mint said it’s bridging team will be launching a radical new product offering in the coming days.
