Pictured above: (foreground) Nic Rotton and (background)
David Griffiths
Nottingham's Sterling Capital Reserve Limited, a specialist
commercial finance brokerage, has announced a partnership with
Whiteaway Laidlaw Bank, offering a new option for businesses
frustrated by traditional lending options for commercial property
in the region.
The news comes a year after Sterling set up mezzanine finance
company Strata Finance, a "dating agency" for frustrated borrowers
and lenders within the commercial property market.
Nic Rotton, who runs Strata Finance and will also spearhead the
new partnership with Whiteaway Laidlaw said:
"We are constantly trying to find solutions to pain points in
the marketplace and we hope that by being able to offer exclusive
access to this new lender we might be able to do just that.
"Strata Finance was about finding an innovative solution to
funding the gap in property finance by uniting lenders and
investors to get deals flowing again. We hope that by now being
able to bring a lender of Whiteaway Laidlaw stature into the market
we can add some more options to the region's businesses."
Whiteaway Laidlaw Bank is a specialist bank focused on providing
a range of targeted savings and lending products. The bank has
recently launched a range of commercial mortgage products for
property investors and owner occupiers, available via a select
number of brokers throughout the UK.
Stephen Johnson, new Business director at the bank
commented:
"At WLB we are keen to build a considerable presence in the
commercial property market. Having been recently acquired and with
no legacy problems from the financial crisis, we are in a fortunate
position to bring much need choice and competition to a market in
which many businesses have found their options limited and existing
banking relationships less than supportive. We are delighted to be
working with the team at Sterling, and look forward to helping many
of their clients achieve their business goals."