Somo deals rise four-fold on Black Friday
Somo Bridging’s one-day Black Friday event resulted in its busiest day of the year and led to four times more deals being locked in over the 24 hours.
The event on Friday 18 November gave borrowers a 90 per cent refund on valuation costs.
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The peer-to-peer bridging lender said the event was specifically designed to give back to the borrower, support brokers in getting deals over the line and create repeat business and relationships that last.
While all limited-time promotions are much anticipated by brokers, Somo said it is known for going the extra mile during Black Friday.
Read more: SoMo launches early Black Friday event
“Our Black Friday event is just one of many promotions we use to support brokers, but with a 90 per cent refund on valuation costs for borrowers, it’s easy to see why this is always the most popular and results in our busiest day of the year,” Somo sales director Jade Keval (pictured) said.
“Feedback from brokers is that they really appreciate promotions like this during challenging times, as well as the quick, efficient and human-touch support we give them.”
Despite the volatile economic climate, Somo has reported 20 per cent growth over the last year and has increased its team by 58 per cent to support business growth and maintain its levels of service.
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