Assetz Capital has appointed a chief commercial officer as it targets a £2 billion lending milestone.
Andrew Fraser has over 20 years’ experience in the UK & Ireland property lending sector and has gathered a team of experienced and development focused relationship directors covering all regions.
Assetz Capital t recently announced its institutionally funded lending strategy and its move away from retail funding of its lending. The 10-year old alternative lending platform has continued to focus on its core areas of specialism including ground up residential housebuilding, residential refurbishment, and continued strong support for funding Purpose Built Student Accommodation (PBSA).
Having delivered over £1.7bn of funding to UK developers and SMEs, it has the £2bn milestone in its sights and has recently widened its lending appetite to include property backed loans from £1m to £50m.
Andrew Charnley, managing director of Assetz Capital, said: “Andrew brings the technical expertise that we need to drive forward and to ensure that Assetz becomes the preferred development lender of choice for both finance brokers, advisors, and developers alike.”
Fraser said: “Now we want to hear directly from regional housebuilders wanting to fund their next site and also experienced property advisors/brokers wanting certainty of delivery of funding for their clients. Our absolute focus is customer delivery with a common-sense approach to lending.
“Assetz has a highly experienced origination team of regional relationship directors who have worked in the property sector, with some having also worked in-house with developers, allowing us to fully understand our customers’ needs. The team are hugely excited at our market opportunity with the ability to now fund larger deals all over the UK.”
Charnley added: “We are continuing to build on our reputation as a market leading institutionally funded lending business. Our ambitions to increase our lending to SMEs, housebuilders and other key sectors remain unchanged, which means our focus this year and beyond will be continuing to work with institutional partners allowing Andrew Fraser and our origination team to drive continued loan book growth nationally.”