Get in touch

Summer cancelled as Pluto Finance completes over £110m of lending in July and August

Whilst the rest of the industry were sunning themselves on the beach this summer, the Pluto Finance team have been hard at work, completing over £110m of bridging and development lending in July and August. 

Pluto has been particularly active in bridge lending over the holiday period.  Highlights include lending £10.5m for a leasehold site acquisition bridge in Finchley, and £2.5m for a garage with planning for residential in Wimbledon.   The team also completed a number of refinance bridges – typically providing the borrower with an equity release as well as refinancing their existing debt. 

In development lending, Pluto funded 4 office-to-residential schemes across the Home Counties, including lending £16.1m to develop a scheme of 77 flats in Brentwood, Essex, and £21.0m for a 99 unit scheme in Godalming, Surrey.  New build schemes include £11.0m for 26 flats in Walthamstow.

Justin Faiz, Partner at Pluto Finance, comments: “We are delighted to have had the opportunity to fund some excellent projects this summer.  Over 75% of this lending has been to repeat borrowers, for whom our flexibility and ability to meet tight funding deadlines is a core part of our offering.  We are now able to offer either the highest leverage or the cheapest finance cost on any bridge or development loan – although despite many borrower requests, unfortunately we still can’t satisfy both these requirements at the same time…”

Privacy Settings
Information About Our Use Of Cookies Our Site ( uses cookies to distinguish you from other users of our website. This helps us to provide you with a good experience when you browse our Site and also allows us to improve our Site. By continuing to browse the Site, you are agreeing to our use of cookies. A cookie is a small file of letters and numbers that we store on your browser or the hard drive of your computer if you agree. Cookies contain information that is transferred to your computer’s hard drive. Cookies are typically assigned to one of four categories, depending on their functions and intended purpose: strictly necessary cookies, analytical/performance cookies, functionality cookies and targeting cookies. We use the following cookies: Analytical/performance cookies. These cookies collect information about how you use our Site. They allow us to recognise and count the number of visitors and to see how visitors move around our Site when they are using it. This helps us to improve the way our Site works, for example, by ensuring that users are finding what they are looking for easily. These cookies don’t collect information that personally identifies you and only collect aggregated and anonymous information. You can find more information about the individual cookies we use and the purposes for which we use them in the table below: Cookie Name Purpose More information Analytical/performance cookies Google Analytics Examples of purposes for which a cookie may be used: · Estimate our audience size and usage pattern. You can block cookies by activating the setting on your browser that allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or parts of our Site. Last updated: 31 July 2018
Consent to display content from Youtube
Consent to display content from Vimeo
Google Maps
Consent to display content from Google
Consent to display content from Spotify
Sound Cloud
Consent to display content from Sound
Get a Quote