Assetz Capital introduces a 9.35% development finance rate, aiming for prompt financial support.
- House builders, brokers, and landowners can access up to 70% LTGDV with the new rate.
- The firm promises a 24-hour decision turnaround for uncomplicated transactions.
- Recent transactions amounting to £30.1m were completed in cities like Belfast and Glasgow.
- Assetz has ambitious future funding goals, backed by key organisations.
Assetz Capital’s latest offering is a development finance rate set at 9.35%. This initiative is directed towards providing continuous financial support for house builders, brokers, and landowners. By enabling access to up to 70% loan-to-gross-development-value (LTGDV), Assetz Capital promises to cater to stakeholders seeking reliable and swift financial solutions.
A significant aspect of this new rate is the commitment to provide decisions within 24 hours for straightforward transactions. This rapid decision-making process enhances the capability of clients to quickly move forward with their development projects, a service that distinguishes Assetz Capital in the competitive finance market.
Recently, Assetz Capital successfully completed transactions totalling £30.1m in Belfast, Surrey, Glasgow, and Leicester. This accomplishment showcases the firm’s active engagement in supporting development projects across various locations, emphasizing its role in the facilitation of enhanced development finance.
Andrew Fraser, Assetz Capital’s chief commercial officer, expressed enthusiasm about launching such a competitive rate. He highlighted the advantage this offer brings in terms of speed, service, and funding certainty, especially for developers aiming to expand or initiate new projects amid evolving market conditions. “Our ability to stretch LTGDV beyond challenger banks, alongside keener pricing, is something that brokers and developers have been wanting,” Fraser noted.
Furthermore, Assetz Capital has set ambitious objectives to exceed £2bn in development funding over the next three years. This goal signals the organisation’s long-term strategic commitment to the UK’s housebuilding sector, supported by partnerships with five influential organisations. Since its inception, Assetz Capital has contributed significantly to the market, funding over £1.7bn towards the construction of new homes by SME housebuilders.
Assetz Capital is poised to remain a formidable player in development finance, with new offerings that enhance flexibility and responsiveness for industry stakeholders.
No Comment! Be the first one.