Assetz Capital and Aros Kapital extend lending partnership
Assetz Capital and Aros Kapital have extended their partnership, having worked together since 2020.
This extension is expected to see Assetz Capital deploy more than £200m of Aros Kapital’s funding across various sectors in 2024, as part of their overall lending volumes.
Assetz Capital and Aros Kapital have supported a range of sectors including small and medium enterprise (SME) housebuilders, care sector developers and many other SME trading business sectors.
To-date, Assetz Capital has already lent over £400m through Aros Capital into UK construction and development projects as well as commercial mortgages and bridging.
With ambitious plans for 2024, the continued partnership between the two specialist lenders will also see activity continue to ramp up over the coming years.
Both entities are also seeking to increase the £200m figure.
Stuart Law, CEO and co-founder of Assetz Capital, said: “We’re proud to continue our successful collaboration with Aros Kapital, which has been instrumental in supporting our mission to provide fairer growth capital for Britain’s SMEs.
“For more than a decade, we’ve been on an incredible journey to transform the UK’s property development finance and commercial mortgage sectors, offering fast and flexible solutions that cater to the diverse needs of our borrowers.
“As we approach the £2bn lent milestone, we are confident that our platform will further accelerate the delivery of much-needed funding to the UK’s vital industries and regions, creating jobs, homes, and wealth along the way.”
Andrew Charnley, managing director at Assetz Capital, added: “With over 10 years track record as a business and an experienced team of property experts located throughout the UK, including Scotland and Northern Ireland, we are excited about supporting not only SME housebuilders but also key sectors such as Care, Supported Living and PBSA, both of which are under-served yet vital to the future of UK PLC.
“Working closely with our partners, we are ideally placed to play our part in helping our customers take advantage of the opportunities which will present themselves in 2024 and beyond.”
Gustav Röcklinger, CEO at Aros Kapital, said: “Since beginning our partnership in 2020, the impact Assetz Capital has had on the UK’s construction industry is incredible.
“As a funder, we’ve always been dedicated to supporting small and medium sized businesses, so this vision has always aligned with that of Stuart, Andrew and the rest of the Assetz team.
“Given the huge amount of untapped potential currently in the UK’s SME housebuilder market, we have a clear vision and ambitious plans to continue working with Assetz Capital to drive forward lending activity over the coming years.”