Lance Joseph

Iron Bridge celebrates record month of completions

Iron Bridge Finance has announced that October was its most successful month ever for completions.

The London-based real estate development lender completed five deals in October supporting schemes with a combined GDV of more than £50m.

The mezzanine specialist — which lends between £300,000 and £7m — stated that the locations ranged from Bristol to London and from the West Midlands to the south coast.

“The gap behind senior debt is one we are delighted to fill, and by working in partnership with both senior lenders and developers, Iron Bridge is providing what is essentially alternative cheap equity,” said Lance Joseph, CEO at Iron Bridge (pictured above).

“I am immensely proud of the team and the hard work they have put in to achieve this milestone.

“In challenging times, we will continue to provide flexible solutions for developers and senior lenders alike and look forward to doing so into 2020 and beyond.”

Iron Bridge recently jointly funded with Aldermore a £14m GDV PD scheme in Sutton Coldfield, Birmingham.

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