Oblix Capital

Oblix reports record-breaking month

Oblix Capital has completed £19m of bridging and development loans in March, a record-breaking month for the lender.

The London-based short-term lender said that March vastly surpassed all previous monthly record volumes.

Oblix completed its largest development loan during March, providing £13.5m to experienced developers UK Land Assets for the construction of 65 modern dwellings in Croydon.

“The whole team here at Oblix is extremely proud of this result and it follows the work we have done throughout 2017 to listen to our clients and shape our proposition to their requirements,” said Rishi Passi, CEO and founder of Oblix Capital (pictured above).

“This fantastic start to the year aligns us perfectly for our plans for expansion and hitting new targets in 2018.”

The growth in lending follows the recent appointment of Andy Reid. who has become sales director at Oblix.

Andy added that he had been really impressed by the way Oblix strived to ensure its products and services were ahead of the game.

“In an ever increasing market, this approach is exactly what is needed to ensure continued growth.

“This performance now leaves us extremely well-placed to continue growing our loan book in 2018.”

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