The number of lenders who are a part of the Association now stands at 13, and ABC is the fifth Affiliate to join this tier in the last 6 months.
Chairman of the AOBP, Jonathan Newman, commented:
“I’m really pleased to welcome ABC aboard. Although new to AOBP, they are long established and very well regarded in the bridging sector.”
Founded in 1994 but operating as Alternative Bridging Corporation since 2007, ABC is a principle non-regulated lender specialising in funding for property investment purposes. Areas covered include retail, office and industrial financing as well as investment and limited refurbishment.
ABC offers typical LTVs of 60 – 65 per cent and loan amounts range from £250,000 to £10 million.
Jonathan Rubins, Joint Managing Director of ABC, said:
“We are very pleased to be accepted as an Affiliate Lender of the AOBP. Recent events have proved the maturing nature of the Association and we are very excited to be involved with its long term growth.”
In June, Jonathan Rubins joined the ranks of other top lenders by reported a phenomenal £7 million month of business during May.
On behalf of the AOBP Executive Committee, Press Officer Craig Scott, director of Commercial 1, said:
“The AOBP very much welcomes the addition of ABC (Alternative Bridging Corporation Limited) to the affiliate panel.
"This further demonstrates the importance of the AOBP and the impact and support it continues to achieve from its lender partners and introducers alike.”
ABC is a member of both the Association of Short Term Lenders (astl) and NACFB.
