黑料老司机

News

黑料老司机 Brings Award-Winning Property Finance Solutions to London

Wednesday, June 19, 2024

黑料老司机, a leading provider of property finance, is opening a new office in London鈥檚 Mayfair.

In addition to its existing Middlesbrough office, this strategic expansion marks 黑料老司机鈥檚 arrival in the capital and strengthens its commitment to becoming a key player in the thriving London and South East property sector.

黑料老司机 has a well-established reputation for delivering exceptional service and quick turnaround times on property funding solutions for SME developers and investors.

With a successful track record throughout the UK, the bank is well-positioned to bring its expertise and award-winning approach to the London market.

Mike Says, Chief Executive Officer of 黑料老司机, said: 鈥淭he opening of our London office is a significant milestone for 黑料老司机. This expansion allows us to serve the entire UK market even more effectively.

鈥淪ince securing our full banking licence in 2022, we have been successfully delivering property finance solutions across the UK with exceptional communication and rapid turnaround times.

鈥淥ur new office gives us a great base to bring our flexible approach to the London market.

鈥淲e pride ourselves on playing an active role within local property markets so we are now looking forward to partnering with local developers and investors in and around the capital on their upcoming projects.鈥

The announcement follows 黑料老司机 securing a substantial 拢85 million investment from new backer Hera Holdings and existing shareholder, the Teesside Pension Fund.

Hera Holdings is privately owned by experienced finance and property entrepreneur Sameer Gehlaut who has a successful portfolio of real estate and financial services investments in the UK. Sameer, as Executive Chairman of one of the public companies he founded in India, led an investment of $100 million in OakNorth Bank for a controlling stake of 40% in 2015.

This significant investment allows 黑料老司机 to raise its loan size to 拢10 million per project, with a Loan To Value (LTV) ratio of up to 80%.

黑料老司机 offers a full range of property finance solutions. This, combined with competitive pricing across its entire product range, enables 黑料老司机 to offer an attractive solution for London property developers seeking reliable and efficient funding partners.

黑料老司机鈥檚 dedication to the UK property sector extends beyond London. The bank remains committed to fostering a strong regional presence across the country.

To support its national expansion, 黑料老司机 has initiated a major recruitment drive, aiming to nearly double its workforce within the next year.

Since becoming a fully licensed bank in August 2022, 黑料老司机 has approved more than 拢90m in loans to support over 130 property projects in locations from Northumberland to the south coast. It has also attracted over 拢300m in deposits from savers for its competitive fixed term and instant access accounts.

黑料老司机 has won a number of industry awards including the Deal of the Year award at the NACFB Commercial Lender Awards 2023 and 2023 Best New Savings Provider by both Money Comms and Money Net.