Short-term lender Alternative opens Midlands office

By Paul Norman - Tuesday, March 06, 2018 12:15

Short-term lender Alternative Bridging Corporation has opened a Midlands office to facilitate the expansion of its business in the region.

Alternative has opened an office in Newcastle-under- Lyme, equidistant it said for its Birmingham and Liverpool Business Development Managers. It will provide a base for them to meet brokers and borrowers and to house a local case management support team.

Alternative and its sister companies have operated in the short-term lending space for the past twenty-five years.

Typically lending between £250,000 and £5m, with an ability to lend up to £10m, Alternative plans to double and then redouble its loan book over the next two and four years. The regional office is one step in this plan and consideration is being given to similar local offices for the South West and East Anglia regions.

Based in Borehamwood, Hertfordshire, Alternative Bridging’s Head Office team administers the business and services its UK loan portfolio.

The office is staffed by two experienced, short-term lending professionals, Midlands Business Development Manager Mo Amjad Ibn-Abdul, and Northern BDM Steve Woods.

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