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Adapt Finance to embrace the specialist banking sector

Tom Belger | 07:22 Wednesday 7th June 2017

Adapt Finance aims to utilise the specialist banking sector and help clients take advantage of the wide variety of products available.

The bridging and development finance broker recently exceeded £250m of net completions following three years of consecutive growth since launching in 2014.

Manchester-based Adapt is on target to broker £156m of net loans in the year ahead, having already completed £39m across 33 deals at an average size of £1.18m excluding interest.

Despite currently focusing on the property element of the specialist banks, Adapt hopes the wide range of products available can help improve the service it gives to its clients.

“Specialist banking is fundamentally much more user-friendly, speedy and in all honesty exciting,” said Jordan McBriar, managing director of Adapt Finance (pictured above, far left).

“I believe the reason this sector seems to have come on so much in such a short period of time is its inherent pragmatism and commercialism rather than adhering to traditional banking protocols.”

Looking at the types of specialist banks which are now operating in the market, Jordan added: “We are seeing more and more of our bridging lenders – famed for speed and commercialism – choosing to become specialist banks, which will inevitably speed up the completion process.

“Currently our focus has always surrounded the property element of the specialist banks, but for them to now offer other finance classes such as asset and unsecured, as well as a plethora of specialist products, can only improve the service we give to our clients.”

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