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Downing LLP provides unique wholesale financing solution to Greenfield Mortgages
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Downing LLP is pleased to have provided a unique financing solution for short term property lender Greenfield Mortgages. The bespoke solution is a forward-flow type arrangement originated by Downing’s Wholesale Finance team.
Birmingham-based Greenfield Mortgages was established in 2009 and provides both regulated and unregulated bridging loans throughout England and Wales for residential property, commercial and semi-commercial properties, homes with multiple occupation and buildings in need of refurbishment. Terms are up to 12 months with rates as low as 0.49% pm.
The company’s Chairman, Steve Smith – founder of the international retail chain Poundland – heads up the management team and is looking to use the new facility to expand the business and extend its reach to new clients.
Ian Allder, Investment Director at Downing, said: “We’re delighted to be working with Greenfield Mortgages. This new partnership underlines our continued commitment to the wholesale finance market and the property sector.”
David Grant, Operations Director and one of the founders of Greenfield Mortgages, concluded: “It has been a great experience working with the team from Downing and we’re excited to be even better equipped now to embark on the next stage of our growth journey.”
