REIM Capital reaches £25m lending milestone
‘Whilst it’s been a challenging year, we’re thrilled to reach this milestone’ said Amar Khiroya, principal and co-founder at Reim Capital.
REIM Capital offer bridging finance and development finance to property developers and investors across the UK.
The lender aims to double the size of its loan book next year to £50m and focus on larger-sized bridging and development loans from £1m upwards and are particularly interested in expanding its services to more regions within England, particularly in the North West.
In addition, REIM will be recruiting for a business development manager and a second underwriter to join its current team of four, with an aim to expand to at least eight by the end of next year.
Kunal Vaitha, principal and co-founder at Reim Capital, commented: “We are most excited about the new opportunities that 2021 will bring.
“We have had a year of uncertainty, and with a new vaccine seemingly close, we feel optimistic that the bridging market will be going towards a pre-covid activity level.”
See the full article here: https://bridgingandcommercial.co.uk/article-desc-16611
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