Development finance

New online platform aims to source over £500m of development finance

A new online finance platform looking to source over £500m of development finance for SME property developers has launched.

Panoptic Platform is a fintech solution which matches build projects with the right lenders as it aims to find finance for the construction of 5,000 new homes. 

The platform is looking to help SME property developers overcome the challenge of accessing finance.

Panoptic Platform has selected a number of market-leading property development finance lenders to join the platform.

Rowland Thomas, director at Close Brothers, said it was delighted to be one of the chosen lenders on the Panoptic Platform. 

“Along with numerous other headwinds that SME property developers have to contend with, the critical process of raising finance can often be one of the most challenging. 

“We believe that Panoptic will be of considerable assistance to this vitally important sector of our economy by helping developers reach the funders that can support them, like us.”

Other lenders on the Panoptic Platform are: Aldermore, Eastern Credit, NatWest, Masthaven, Lowry Capital, Helmsley Group, Alternative Bridging Corporation, Heritable Development Finance and Propfin.

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