Manchester finance company launches dedicated bridging business


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Arrow Global, the Manchester-based European investor and alternative asset manager in credit and real estate, has launched Bergen Finance, a new bridging business dedicated to the UK short-term mortgage market.

Bergen Finance will seek to take advantage of a market that has grown over 400% since 2013 to over £ 5 billion per year.

It will provide funding to UK companies with short-term capital needs, offering good risk-adjusted returns that are anchored in the strength of the underlying property market.

The spearheads of Bergen Finance will be Andrew Ward and Adrian Hogan who will join the company as Managing Director and Director, respectively.

Andrew has over 25 years of business and commercial lending experience with Lloyds TSB, Five Arrows (Rothschild) and Credit Agricole.

Most recently, Andrew founded two independent lenders, overseeing all arrangements and approving the underwriting of every business loan.

Adrian has nearly a decade of secured lending experience and has worked in a number of financial institutions including founding and growing the Paddington Street bridge loan business.

Bergen Finance will be headquartered in London.

Jim Appleby, UK CEO of Arrow Global, said: “There is a scalable market opportunity to lend to companies, which are experiencing financial strains such as short-term cash flow, overcapacity or supply chain issues. sourcing, as well as positive growth and acquisition opportunities. .

“We are excited about this opportunity and to add short-term real estate transition capability to our UK offering which also includes our existing platforms Capquest, Drydensfairfax and Mars Capital. “

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