Assetz Capital has secured £200m in investment to help it further increase its support for smaller businesses, City A.M. reports.
The funding means that the firm can now lend up to £900m in commercial mortgage lending.
The funding is provided by Aeon Investments and will be injected over the next three years.
City A.M. said bosses at the investment firm have been impressed by the commercial real estate debt asset class, which has retained attractive values.
Assetz will now also be able to provide commercial mortgages of up to £10m on commercial investment properties.
“The need for SME funding has never been more apparent as an increasing number of traditional lenders aren’t offering financing solutions to SMEs,” Assetz CEO Stuart Law (pictured) said in a statement. “Together, through innovative and alternative financing we can enable UK businesses to grow and scale up.”
