The announcement follows its rate reduction in February with an aim to “increase affordability and confidence” among SME developers.
This new lower rate is available with immediate effect.
- Assetz launches 'stretched' 72% LTGDV
- Assetz cuts finance rates to 9.1%
- Assetz launches development rates from 9.35% via Brickflow
Additionally, Assetz Capital is also offering up to 72% LTGDV on day-one advances, along with 24-hour credit decisions for straightforward cases.
“Our aim is simple: help developers build more homes, faster,” said Andrew Fraser, chief commercial officer at Assetz Capital.
“Our rate reduction immediately improves the day-one advance available to developers, therefore helping developers to break ground sooner, with lower upfront costs and more certainty in funding.”
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