Deutsche has arranged a £50 Million warehouse facility, in addition to the existing funding arrangements Link Lending already has in place with Barclays Bank.
John Maclean, managing director of Link Lending said: “Unlike some other bridging lenders that have static funding lines and rely on redemptions to release the funds for new loans, our strategy is to continue to grow our lending volumes in response to the demand for our products and service from brokers.
“Bridging and short term lending is a very fast-moving sector and brokers need to have the confidence that their chosen lender can deliver the funds very quickly, without having to wait on another loan redeeming before their client’s loan can be completed. At Link Lending we have a large appetite to lend on the right deals, and our additional funding line from Deutsche Bank will help us to achieve our planned growth and continue to deliver the excellent service levels that our supporting brokers have come to expect.”
