Assetz Capital has introduced a new development finance rate of 9.35%.
- The initiative aims to provide swift and reliable funding for house builders, brokers, and landowners.
- Assetz Capital is offering up to 70% loan-to-gross-development-value (LTGDV) with this rate.
- Decisions for straightforward transactions will be available within 24 hours.
- This move follows £30.1m worth of transactions in several UK locations.
Assetz Capital, a significant player in the UK’s finance sector, has set forth a development finance rate of 9.35%. This rate is strategically tailored to facilitate timely and dependable funding solutions for house builders, brokers, and landowners. The initiative underscores Assetz Capital’s commitment to fostering growth and development in the housing sector.
In a forward-thinking gesture, Assetz Capital is extending its offering to include up to 70% loan-to-gross-development-value (LTGDV). This decision is a clear advantage for developers who are eager to embark on new projects or expand current ones, providing them the financial leverage needed in a competitive market.
A notable feature of this initiative is the promise of 24-hour decision-making for straightforward transactions. This capability presents a distinct advantage in the fast-paced world of property development where time is often of the essence. The firm’s ability to make swift decisions ensures that developers can act quickly and efficiently to capitalise on market opportunities.
This announcement comes on the heels of recently completed transactions amounting to £30.1 million across Belfast, Surrey, Glasgow, and Leicester. These transactions highlight the substantial activity and demand in the real estate market, further justifying Assetz Capital’s innovative financial offering.
Andrew Fraser, Chief Commercial Officer at Assetz Capital, expressed his enthusiasm for 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.” Fraser further emphasised the unique pricing structure and funding availability that extends beyond traditional banks, positioning Assetz Capital as a flexible and trusted partner in the industry.
Assetz Capital’s new finance rate exemplifies a strategic advancement in development funding, catering to the evolving needs of the market.
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