Allsop announces financing partnership
Allsop has formed a partnership with debt advisory firm Empire Global Finance, in its first such arrangement for auctions.
The collaboration aims to allow bidders in need of short-term finance access to it so that they can move at the swift pace required by auctions.
EGF was launched as a regulated brokerage business in 2014 by chief executive Matt Davies, who had previously worked within commercial banking at both Barclays and RBS.
Allsop has formed a partnership with debt advisory firm Empire Global Finance, in its first such arrangement for auctions.
The collaboration aims to allow bidders in need of short-term finance access to it so that they can move at the swift pace required by auctions.
EGF was launched as a regulated brokerage business in 2014 by chief executive Matt Davies, who had previously worked within commercial banking at both Barclays and RBS.
Davies said: “Being chosen as Allsop’s first-ever commercial finance partner for auctions underscores the strong position we have built in the industry. By combining our financial expertise with Allsop’s auction leadership, we remain committed to delivering exceptional value to our now shared clientele.”
George Walker, Allsop partner and auctioneer, said: “As a client-driven business, we are excited to expand our service offering through this partnership with EGF.
“While cash-rich private investors continue to represent the core of our buyer base, we acknowledge the importance of providing access to short-term financing solutions to those who need them, ensuring existing and future investors are able to take full advantage of our commercial and residential auction platform.”
EGF operates from offices in Chester, London, and Dubai. It offers bridging loans, development finance, commercial and residential investment/term loans, as well as bespoke lending services for high-net-worth clients.
Matt Davis (left) photo © Empire Global Finance. George Walker (right) photo © Allsop
