Assetz Capital, a leading alternative lending platform, has appointed Andrew Fraser as its new chief commercial officer (CCO) to spearhead its drive towards a £2bn lending milestone.
The firm recently announced its strategic shift from retail funding to an institutionally funded lending model.
Over the past decade, Assetz Capital has established its expertise in areas such as ground-up residential housebuilding, residential refurbishment, and Purpose Built Student Accommodation (PBSA) funding.
The company recently completed its largest deal yet, a £13.3m PBSA scheme in Nottingham, contributing to the overall £1.7bn funding it has provided to UK developers and SMEs.
With the £2bn lending milestone in sight, the firm has broadened its lending criteria to include property-backed loans ranging from £1m to £50m, exceeding the capacity of most competitors.
Andrew Charnley, managing director of Assetz Capital, said: “With the £2bn milestone now rapidly approaching and our model focusing on larger loans, we have now appointed Andrew Fraser as our chief commercial officer.
“He brings over 20 years of experience in the UK&I property lending sector and has assembled a strong team of development-focused relationship directors covering all regions.
“Andrew’s technical expertise will be crucial in ensuring that Assetz becomes the preferred development lender of choice for finance brokers, advisors, and developers alike.”
Fraser, the newly appointed CCO, expressed eagerness to connect with regional housebuilders and property advisors/brokers seeking reliable funding for their clients. “Our absolute focus is customer delivery with a common-sense approach to lending. The team are hugely excited at our market opportunity with the ability to now fund larger deals all over the UK,” Fraser said.
Charnley added: “We are continuing to build on our reputation as a market-leading institutionally funded lending business. Our ambitions to increase our lending to SMEs, housebuilders, and other key sectors remain unchanged, which means our focus this year and beyond will be continuing to work with institutional partners allowing Andrew Fraser and our Origination team to drive continued loan book growth nationally.”
