Home > Post > As Seen In Development Finance Today: "Clearwell Capital Aims To Lend £100m To SME Developers In The Next 18 Months"
As Seen In Development Finance Today: "Clearwell Capital Aims To Lend £100m To SME Developers In The Next 18 Months"
Roger Comben, Head of Loan Origination at Clearwell Capital, said: “We are excited by the prospect of Clearwell’s continuing growth and our new super stretch senior offering, which provides a development loan of up to 75% LTGDV and 90% LTC, is proving incredibly popular, with new enquiries increasing each month.
We are thrilled with the piece in Development Finance today. It gives us the opportunity to outline our ambitions for the next 12 months and beyond, speaking directly to the senior lenders, brokers and clients we work with and also those who are new to our company. We have purposefully given ourselves tough targets to meet but ones that are achievable, especially after such a strong start in 2022. Follow the link to read about what we aim to achieve, we have added a short summary below:
We have plans to lend £100m to SME residential developers in the next 18 months
This will help us achieve our wider goal to grow the business by 50% year-on-year
We have nine members of staff – and watch this space for further announcements
We have three new senior members of the team: Gemma Iannaccone, Head of Credit; Callum Ferguson, Head of Business Development; and Ashely Feerick, Head of Loan Management
We have a goal of growth while remaining flexible
We have autonomy when it comes to decision-making on loans; if we think the deal is right and our due diligence confirms this, then this is the only approval needed
Creating strong partnerships with our clients is central to our strategy
We want to support SME developers for the long-term, as this is our core business, and a partnership approach to make this happen is fundamental to it
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