FutureBricks aims to deploy £1bn in the next two years in both of these areas, focusing on new and experienced SME developers, including those who have not been able to access capital from mainstream lenders.
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Adam Tyler, executive chairman at FIBA (pictured above), said: “There are an increasing number of development finance opportunities for our members, alongside those in the short-term space, so this is a really welcome addition.
“As a lender, FutureBricks is showing strong confidence in our membership, and I am really looking forward to enhancing our relationship in the coming years.”
Gareth Ward, senior underwriter at FutureBricks, commented: “We are already an innovator in the provision of bridging and development loans, specifically to SME developers and for more complex loan proposals.
“We recognise there is huge potential demand for our smaller value, shorter-term bridging and development facilities, and our quicker and fuss-free lending.
“By aligning ourselves with FIBA, we are now more easily identifiable to brokers and borrowers in this sector and can expand our offering to a much wider group.
“We are pleased to take this step and look forward to discussing these upcoming opportunities.”