This new product line will support smaller ground-up development opportunities with loans ranging from £250,000 to £1.5m.

Finance via Assetz Elevate will be tailored for smaller residential schemes ranging from one to 15 units across England and Wales.

Here, funding will be available at up to 70% LTGDV and 85% LTC.

Assetz Capital has already deployed over £262m via loans smaller than £1.5m to date, but Asset Elevate will also benefit from a specialist new business team.

•   The Finance Professional Show 2024: The Video
•   Assetz appoints relationship director for London and South West
•   Assetz funds Merseyside conversion with £970,000

Led by new business director Jake Hiskett, this team will manage all Assetz Elevate loan enquiries and provide a point of contact for brokers and developers working on smaller schemes.

“We know brokers and developers have long been asking for a more responsive, consistent route to smaller-scale ground-up funding,” said Jake.

“Assetz Elevate brings that — with a team that knows the sector, understands the challenges, and delivers certainty from day one.”

Andrew Fraser, CCO at Assetz Capital (pictured above), added: “With Assetz Elevate we’re putting real structure and energy into a segment we already know well.

“This is about supporting smaller developers to scale — from infill site to their next big opportunity — with speed, confidence and credibility.”