HELPING CLIENTS FIND THEIR WAY THROUGH THE SPECIALIST FINANCE MARKET
As the name implies, the specialist finance market is not an arena to enter without the highest level of knowledge and experience. Too many property investors find themselves paying higher finance costs than they should be, or worse still, in the incorrect type of finance when purchasing or refinancing their next property development project with no way to get out of the finance deal. It is critical that anyone looking at this type of finance should have the correct finance broker in their corner, which is where Prospero Finance are making a name for themselves, both with clients and lenders.
The business was started in 2016 by Martin Smedley, a finance broker with over 30 years’ experience and James Relph, owner of a wealth management business, with an idea to provide mutual services to their wealth management clients, whilst looking to establish a name in the property development arena. The team at Prospero Finance very quickly built a reputation for helping their clients achieve the most suitable type of finance for their project, which has helped them become preferred partners with a number of lenders, in particular the more specialist lenders.
The specialist bridging finance team at Prospero Finance are able to arrange some of the best value, bespoke bridging facilities in the market. In addition, they are able to arrange the exit on the bridging loan where required, often on bespoke terms not widely offered throughout the market, giving their clients the peace of mind of having an exit option set up prior to completion. The relationships that they develop with their clients means that they are now seen as the ‘go to’ broker of choice when clients require specialised finance.
Although the bridging and development finance is a large part of their business focus, Prospero Finance can also help clients with Buy to Let, House of Multiple Occupancy (HMO’s) and residential mortgages.
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