New loans firm joins market with three-day completion product

From left: Matthew Gammond, Iain Johnson, Chris Parkinson

New lender Velocity Bridging has launched amid the pandemic to offer a competitive three-day turnaround for bridging loan applications.

Appealing to those looking for a fast and flexible loan, Velocity Bridging will use its private funding line and swift processes to ensure a three working day completion, and will be working specifically with clients who must complete in that timeframe.

The firm, which has been launched by Gemini Finance, a Southport-based bridging loans provider, is joining the market with a fresh reputation as a lender that delivers tailored bridging loans under ambitious pressure and timescales.

The team is made up of Gemini Finance managers, Iain Johnson, Chris Parkinson and Matthew Gammond who have a combined 50+ years of finance experience.

The trio have been lending through Gemini Finance since 2011, which they believe has given them leverage in the sector.

Now, they hope Velocity Bridging will become a leading company within the bridging market due to its accelerated case completions.

Sales and underwriting manager, Iain Johnson, explained that there’s never been a more fitting time for a company like Velocity as its solutions are ideal for companies in need of a prompt bridging loan to keep their businesses operating during this unprecedented year.

He said: “Although the lockdown is airing additional challenges we are confident we can get deals over the line in this ambitious timescale.

“Bridging finance has always been a fast solution, but in recent years completions have started to take months rather than weeks.

We want to bring the element of real speed back to the market and the infrastructure we have put in place will allows us to take a case from enquiry to completion faster than just about any of our competitors.”

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