We are delighted to announce the launch of lower priced products – all under 10% p.a.
Following hot on the heels of the launch of its development finance pricing from 9.35% p.a., Assetz Capital, a leading funder in SME property finance, is delighted to announce the launch of lower priced products – all under 10% p.a.
These are designed to support the residential refurbishment market as well as property developers involved in town regeneration schemes.
The new pricing covers: –
Development exit loans for residential schemes from 9.5% p.a. – for developers aiming to maximise their profits from a scheme as it enters the sale of its final units.
Residential refurbishment from 9.75% p.a. – enabling the conversion of existing property.
Planning Assistance Loans from 9.5% p.a. – allowing experienced developers to progress the conversion of commercial property to residential, prior to gaining full planning permission.
Andrew Fraser, Chief Commercial Officer at Assetz Capital said, “We’re excited to bring these new priced products to market now, complementing our sub 10% ground up development finance rates, which have been warmly received by the market.
At Assetz Capital we believe that both the refurbishment and urban regeneration markets are vital components in the Goverment’s strategy to ‘get Britain building again’. It is estimated that there are 165,000 privately-owned commercial and business premises currently empty across the UK with an additional 7,000 commercial and business premises owned by local authorities having been vacant for over 12 months. These numbers will likely grow as business continues to rationalise the commercial space it requires, while the use of city centre retail space continues to fall.
We passionately believe that many urban areas in decline, with empty offices and high streets, could have new life breathed into them through the conversion of empty and decaying spaces. It’s an area we specialise in and have already helped many property developers in this sector.”
This update follows recent news of over £30m of transactions completed across properties in Belfast, Surrey, Glasgow and Leicester – highlighting Assetz Capital’s truly national coverage.
Over the next three years, the business is gearing up to exceed the milestone of £2bn in funding with the support of five key organisations, providing deep funding lines to continue their ambitious growth.
If you have a refurbishment or regeneration project that needs financing, why not call our New Business Team on 0800 470 0430? Or simply complete the form below and one of our expert team will get straight back to you.