SME development lender Assetz Capital has enhanced its development lending solutions, offering stronger initial day one advances to developers on schemes up to 70% loan-to-gross-development-value (LTGDV).
This move was designed to equip housebuilders with financial support from the outset, facilitating smoother project execution.
The offer is available across England, Scotland, Wales and Northern Ireland through locally based teams.
Andrew Fraser (pictured), chief commercial Officer at Assetz Capital, said: “At Assetz, having lent over £1.7bn, funding one in 12 new build homes throughout UK, we understand that initial funding through a larger cash advance is crucial to the success of development projects.
“Our enhanced offer demonstrates our commitment to supporting developers with the financial resources they need from day one, allowing greater certainty around cashflow.
“Affordable, reliable and fast funding is what our clients want.
“This enhancement will provide significant value to our developer clients, helping them manage supply chain and ensuring they remain as liquid as possible.”
Over the next three years Assetz Capital is gearing up to exceed the milestone of £2bn in funding with support of five key organisations, providing deep funding lines to continue growing as a business.
