Assetz Capital has launched Assetz Elevate to offer smaller loans from £250,000 to £1.5m for small and medium-sized enterprises (SME) property developers in England and Wales.
The product is aimed at ground-up residential schemes of one to 15 units, with funding available up to 70% loan-to-gross development value (LTGDV) and 85% loan-to-cost.
The new business team will handle all Assetz Elevate loan enquiries, giving brokers and developers a single point of contact and a faster, more streamlined process.
Jake Hiskett (pictured, centre), new business director at Assetz Capital, said: “Assetz Elevate is about focus, pace, and partnership.
“We know brokers and developers have long been asking for a more responsive, consistent route to smaller-scale ground-up funding.
“Assetz Elevate brings that — with a team that knows the sector, understands the challenges, and delivers certainty from day one.”
Hiskett and his team will provide underwriting and support tailored to the needs of smaller projects.
Andrew Fraser, chief commercial officer at Assetz Capital, said: “We’ve built a strong reputation for delivering larger schemes.
“But with Assetz Elevate we’re putting real structure and energy into a segment we already know well.
“The product is designed for speed, backed by our experience and delivered with certainty This is about supporting smaller developers to scale – from infill site to their next big opportunity – with speed, confidence and credibility.”
