Norway



The new will focus on residential refurbishment, development finance and bridging loans.

 

 

Assetz Capital has on-boarded a new investor to provide a fresh of funding dedicated to the residential property bridging, refurbishment and conversion markets, according to statement by the .

 

The investor is part of a $0bn global multi-asset manager, although Assetz declined to name the firm specifically.

 

“The new partnership provides an additional funding line for Assetz Capital to help it develop a wider range of funding for business borrowers and their intermediaries. This will further support borrowers seeking funding for residential refurbishment and bridging loans – of up to £5m per project – and also allows for slightly increased LTV levels in the right cases – up to 75 per cent,” Assetz said.

 

Stuart Law, CEO at Assetz Capital, says the new institutional funding line is with a institutional group that has the capacity to support a substantial amount of ongoing funding. 

 

“It is also one that we know will further widen the scale and scope of lending to the businesses that we support. In particular, it is part of our planned expansion into the residential refurbishment , an area which we expect will grow strongly in the years to come as an alternative to buy-to-let investing,” he added,

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