Pivot has become one of the latest lenders to join the Association of Short Term Lenders (ASTL).
Pivot is a specialist lender providing both bridging and development facilities secured against residential and commercial properties on a first and second charge basis. It comes to the ASTL looking to provide a different perspective and voice to the industry.
Started as an offshoot to a property development business, Pivot has significant experience in understanding complex development and planning transactions. This, combined with diverse funding arrangements, means that Pivot can offer a range of standard and innovative products designed to fulfil the differing needs of those seeking a short term lending solution.
Benson Hersch, CEO of the ASTL said:
“Pivot is a welcome addition to our membership, bringing with it a wealth of experience, especially with those investing in property. Working in the non-regulated sector they are intent on ensuring standards are in keeping with the regulated market.”
Shahil Kotecha, CEO of Pivot added:
“Since Pivot was incorporated in 2012, we have developed strong relationships with a handful of brokers, but it is now time to show the rest of the market what we can offer. Our aim is to provide our clients with finance to enable them to progress with their projects and we work alongside our brokers to help deliver innovative solutions to do this.
“Bridging and short term lending has earned its place in today’s market. We want to be part of an organisation that is constantly working to improve both behaviour and image in short term lending. As a member of the ASTL we hope to hold Pivot up as an example of what good looks like, whilst putting ourselves in front of the people that matter.”