Assetz Capital has launched a development finance rate of 9.35%, offering timely funding solutions for the property sector.
- The firm provides up to 70% loan-to-gross-development-value, facilitating expansive development projects.
- A 24-hour decision timeframe for straightforward transactions enhances project commencement efficiency.
- Recent transactions totalling £30.1m have been completed in multiple UK locations.
- Assetz aims to exceed £2bn in funding, supporting significant housing developments.
Assetz Capital has introduced a compelling 9.35% development finance rate designed to offer a swift and reliable funding solution for house builders, brokers, and landowners. This initiative aims to meet the increasing demand for housing developments by providing up to 70% loan-to-gross-development-value (LTGDV), thereby supporting larger phases on existing schemes or the acquisition of additional land.
In a bid to reinforce efficiency and certainty in financing, Assetz Capital has committed to delivering a decision within 24 hours for straightforward transactions. This quick decision-making process positions the company as a preferred partner for developers who seek speed and reliability in funding arrangements.
Recently, Assetz Capital successfully completed transactions amounting to £30.1 million across the UK, specifically in Belfast, Surrey, Glasgow, and Leicester, highlighting its active role in supporting local development projects.
Andrew Fraser, Chief Commercial Officer at Assetz Capital, underscored the market competitiveness of the new rate, stating, “We’re excited to bring this highly competitive 9.35% rate to market now, when developers are clearly emboldening to build out larger phases on their existing schemes or acquire more land.” Such endorsements from company leadership highlight the strategic significance of this initiative.
Since its inception in 2013, Assetz Capital has provided over £1.7 billion in funding, contributing significantly to the UK’s housing sector by facilitating the construction of one in every twelve new homes built by SME housebuilders. With ambitions to exceed £2 billion in funding over the next three years, Assetz is poised to further influence the housing market dynamics through robust financial backing.
Assetz Capital’s latest finance initiative represents a pivotal move in advancing the property development landscape in the UK.
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