Assetz Capital has announced an expansion of its partnership with Aros Kapital in the UK's lending market. This development is expected to result in Assetz Capital deploying over £200 million of Aros Kapital's funding across various sectors throughout 2024.
In addition, Assetz Capital has introduced a new Planning Assistance Loan Product aimed at supporting the conversion of commercial buildings. The launch comes with a rate drop, providing more opportunities for businesses involved in such projects.
On social media, Assetz Capital shared details about recent deal completions. One notable transaction was a £3.97 million loan completed in Catterick with a term of 21 months and a Loan to Gross Development Value (LTGDV) of 70%. Another significant deal was finalized in Pontypool, Wales, involving an £820k loan over six months with an LTGDV of 69%.
These updates reflect ongoing activities and developments at Assetz Capital as they continue to engage in the lending market and support various financial projects.