The London-based bridging and development finance lender hopes the new funding line will also support its ambitious growth targets, including expanding its product range.
Founded by experienced property developer Rishi Passi, Oblix aims to provide unrivalled industry expertise, simple application process and swift transparent decisions.
“Oblix Capital has experienced rapid growth since being founded in 2014 and the partnership with NatWest will support our continued success as we move forward as a company,” said Rishi.
“The new funding line – together with our own proprietary funds – has allowed us to expand our product range and offer an even better service to our valued clients.
“I would also like to take the opportunity to thank both teams at NatWest and Oblix for all their hard work in cementing this partnership.”
Stuart Mogg, director of structured finance for NatWest, said it was delighted to be working with Oblix to support its future growth strategy.
“While Oblix [is] relatively new to the industry, the company has been formed with an experienced team of individuals and we look forward to working with them moving forward.”
Anuj Nehra, managing director of Oblix, said the lender was currently in an exciting phase of its growth.
“…This arrangement –along with the strategic investments we have made this past year – demonstrates our commitment to offering new and innovative products to our clients.
“Working with the team at NatWest to extend our funding capabilities has been a pleasure and I thank them for their support in getting this milestone over the line.
“We have a great team at Oblix, and we are proud to be able to offer market-leading funding to our clients to support their opportunities and ambitions.”