Summary
Assetz Capital, headquartered in Manchester, has reached dual milestones: £100m+ in bridging finance and £50m in SME lending. The lender's growth reflects broader momentum in the UK alternative finance sector, particularly in bridging loans, which have become popular due to faster execution and rolled-up interest payments.
Recent deals include £320,000 bridging finance to St Florence for pub refinance and refurbishment, and £1.7m mortgage secured with Crystal Specialist Finance for a Surrey nursing home. Damien Druce, director of intermediaries, said alternative finance products now offer flexible options for smaller businesses struggling to access traditional bank loans.
Assetz plans to invest further capital and update its product range. The firm works with intermediaries and borrowers across bridging, SME, buy-to-let and development loans, positioning itself to serve property developers and business owners underserved by mainstream lenders.
Read the full story at Manchester Evening News
This is a summary written for the Manchester Business Services register. The full article belongs to Manchester Evening News — read it at source.
Common questions
- What is this article about?
- Manchester-based peer-to-peer lender Assetz Capital has provided over £100m in bridging finance and £50m in SME funding, reflecting rising demand for non-bank finance across the UK. The firm plans further capital investment and product expansion to support smaller businesses.
- When was this published?
- This article was published on 7 June 2019.
- Who published this article?
- This article was published by Manchester Evening News.