Wey Bridging Finance has secured a new funding line from Renaissance Asset Finance, the asset finance subsidiary of Arbuthnot Latham. CEO Jordan Hallows spoke to B&C about the firm’s rapid growth and ambitious plans for the year ahead.
Jordan, who spent two decades building businesses in the hospitality sector — from Clapham nightlife to steak restaurants — shifted his focus 18 months ago to take a more active role in Wey, which had previously been a secondary venture.
With the new funding in place, he says the firm is ready to accelerate:
“For us to get to where we want to be in 12 months, we now have the financial resources in place.”
Expanding Reach and Refining Focus
The fresh capital will allow Wey to increase loan-to-values to 75% while lowering pricing from 1.25% to 1% per month. Jordan also plans to expand the firm’s scope beyond its reputation for quirkier, boutique-style transactions, moving into faster, more mainstream deals with clearer exits.
“We’ll continue to operate in niche areas,” Jordan explained, “but this additional funding enables us to also run a faster, slicker, more vanilla line alongside them.”
A More Flexible Funding Structure
The Renaissance facility complements Wey’s existing private funders and FCA peer-to-peer fund, but crucially, it offers immediate access to capital within set criteria.
“That’s a big difference for us now — knowing the capital is there to draw down, rather than finding a deal and then raising the funds. This is a real game changer.”
Jordan likens the shift to “being a bird released,” no longer constrained by private funder appetites or timing issues.
Growth and Investment
Over the past 18 months, Wey has trebled its loan book from £4m to £12m, and aims to double that again in the next year. The company has also invested in a new CRM system, opened a physical office, and is growing its team — with plans to add a new BDM and underwriter to the current four-person staff.
Looking further ahead, Jordan intends to strengthen the firm’s infrastructure, build its own internal platform, and recycle profits to support self-funding.
Future Opportunities
Jordan remains open to bigger strategic moves down the line:
“I wouldn’t rule out a merger, an acquisition, or even an exit. There are lenders like us with similar size and funding structures — bringing three or four of us together could create a larger book and open the door to an eventual exit.”
For now, however, the focus remains on building a sustainable, profitable business:
“At the core of it is creating a robust company that makes money for our investors and for us — money we can recycle and lend again. The world is our oyster, and we’re enjoying the journey.”
Read the original article on: https://bridgingandcommercial.co.uk/article/21708/wey-bridging-to-boost-ltvs-and-cut-rates-after-securing-new-funding-line
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