"Our position on Positive Lending’s panel will open a host of new funding avenues for commercial mortgage intermediaries and their borrowers"
Peer-to-peer lender Assetz Capital has partnered with specialist mortgage packager Positive Lending as it looks to increase its commercial mortgage offering.
Assetz Capital provides alternative loans to SMEs and property developers, offering a range of funding solutions including: commercial mortgages, development finance, buy-to-let for landlords and residential refurbishment.
Hampshire-based Positive Lending has structured over £1 billion of transactions, assisting over 3,000 intermediaries per year.
Damien Druce, director and head of intermediary sales at Assetz Capital, said: “Our position on Positive Lending’s panel will open a host of new funding avenues for commercial mortgage intermediaries and their borrowers, and we have already seen the fruits of this partnership being borne, with one loan completed and another two in the pipeline. We look forward to building on these successes.”
Paul McGonigle, CEO at Positive Lending, added: “As a reputable specialist distributor we are always looking for additional value for our 5,000 intermediaries. Assetz Capital’s product range offers just this, and the exceptional start to our relationship can be pointed towards our combined experience and excellent service proposition. I look forward to working with Damien and the team for many years to come.”