Assetz Capital, a funder in the SME residential development market, recently announced a significant milestone with the launch of its new 9.35% development finance rate, aimed at providing house builders, brokers, and landowners with a financing solution “up to 70% LTGDV UK wide.”
Credit decisioning is also available within 24 hours on straight forward transactions – which aims to provide “consistent” financing in an increasingly cautious market, where risk management is paramount.
Tim Harper, Chief Credit Officer at Assetz Capital, commented that in today’s market, it’s crucial that “developers and brokers know they can rely on firm credit decisions.”
Harper explained that their priority is working with trusted SME developers who have a “strong track record in liquid sales markets, and we stand behind our terms as long as the project’s core metrics remain stable.”
They believe that certainty and transparency in the lending process “are more important than ever given the economic climate.”
Market conditions have created opportunities and challenges for the property sector.
As developers take on more projects or expand their existing portfolios, the ability to secure finance “quickly, while ensuring that risks are appropriately managed, has become increasingly critical.”
Assetz Capital’s track record, with almost £2bn deployed in UK property development since its inception, “underlines its commitment to balancing rapid funding with responsible lending.”
Harper added that having funded close to £2bn of property transactions across the UK, they are aware of the risks that come with property development, “particularly as the market faces potential economic headwinds.”
Harper also noted that their approach is to provide competitive financing with speed, but also with initial “careful scrutiny to ensure that we are supporting sustainable and profitable projects in areas of need.”
Harper further stated that their ability to deliver faster than a Challenger Bank while maintaining “a rigorous risk assessment process is what sets them apart.”
Harper also shared that they’re eager to hear “from brokers and developers with strong credentials.”
Harper concluded that wether it’s supporting the expansion of existing schemes or helping landowners “unlock new potential, our ability to offer fast, firm decisions, backed by our expertise in risk management, makes us a dependable partner for future growth.”
Assetz has also launched an enhanced initial day 1 funding for development finance schemes “up to 70% LTGDV.”
This initiative provides housebuilders with the cash injection “at the start of the project.”
This activity follows a period of lending growth for Assetz Capital and the company’s next milestone is to exceed £2bn in funding with “support of five key organisations, providing deep funding lines to continue the ambitious growing plans of the business.”
