The P2P lending platform went live last year and has already deployed almost £1m in funding for eight different projects.
FutureBricks currently offers three types of loans: site acquisition, development and short-term bridging.
In an exclusive interview with Development Finance Today, Arya Taware, CEO at FutureBricks (pictured above), explained that Germany had a “similar market” in which the country’s SME housebuilders faced the same problems as their UK counterparts.
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On the subject of whether there are currently enough funding options for UK SME housebuilders, Arya said: “I think options are there, but it's about the quality of the options.
“[Banks don’t usually] lend towards site acquisition and even if they do, they'll take three-and-a-half months to deploy the capital — this is not how the real estate industry works.
“Every deal has its own timeline and pace, so I think that banks are just becoming an inefficient source of development finance.”