Specialist bridging lender REIM Capital has become the latest lender member of the Bridging & Development Lenders Association (BDLA).
REIM Capital, which provides short-term property finance across England and Wales, has joined the trade association as a lender member as the sector continues to focus on standards, transparency and responsible growth.
The lender offers first and second charge bridging loans secured against residential, semi-commercial and commercial property assets. Its products are designed to support a range of funding requirements, including property purchases, auction finance, development exits, re-bridges and light refurbishment projects.
The BDLA is the UK’s only trade association dedicated to representing bridging and development lenders and their customers. Its membership now comprises more than 100 organisations, with lender members holding combined loan books of £11.5bn.
Adam Tyler (pictured), chief executive of the BDLA, says: “I’m delighted to welcome REIM Capital as the latest Lender Member of the BDLA.
“The bridging and development finance sector has matured significantly in recent years and, while the latest lending data points to a more measured phase of activity, demand remains underpinned by the clear role that short-term finance plays in supporting property investors, developers and borrowers with complex or time-sensitive funding requirements.
“In this environment, the strength of the market will be defined by the quality of its lenders, the discipline of their underwriting and the standards they uphold.
“And, as the sector continues to evolve, the BDLA’s role as a collective voice for lenders is more important than ever.
“We look forward to working with REIM Capital as we continue to promote high standards, transparency and responsible growth across the bridging and development finance market.”
Oliver Foskett, chief operating officer at REIM Capital, adds: “Joining the BDLA is an important step for REIM Capital and reflects our commitment to the specialist property finance market.
“Bridging finance continues to play a vital role in helping property investors move quickly and with confidence, particularly where funding requirements are time-sensitive, complex or require a more tailored approach.
“We look forward to engaging with fellow BDLA members, sharing our experience and contributing to the Association’s work in supporting a responsible, professional and resilient bridging finance market.”
REIM Capital becomes the latest lender to join the association, which represents the interests of firms operating across the UK bridging and development finance market.
