Acre Lane Capital joins ASTL
Acre Lane Capital has joined the Association of Short Term Lenders (ASTL).
The lender offers development finance and bridging finance for a range of purposes, including light and heavy refurbishment, property investment, auction purchases, development exit loans and bridging out of receivership.
Ian Wilson, chief executive at Acre Lane Capital, said: “At Acre Lane Capital our guiding principles are to act ethically and to deliver on what we promise, and so it was a natural fit for us to become members of the ASTL, which promotes high standards throughout the industry.
“We believe in partnerships and transparency, and so when we issue the Decision In Principle, we will make best efforts to honour those terms and do as we say, unless the risk changes.
“We don’t deliberately promise unachievable deadlines that can’t be met. And, where a borrower has been communicating, and the risk is rational, we are able to offer extensions.
“We are looking forward to working with the ASTL and other members to grow the availability and reputation of bridging and development finance to a wider range of customers.”
Vic Jannels, chief executive of the ASTL, added: “I’d like to welcome Acre Lane Capital as the latest lender to join the ASTL.
“As with all of our members, Acre Lane Capital has demonstrated a commitment to customer focus, high standards and transparency.
“And I would encourage all brokers seeking a short-term lending solution for their clients, to look for ASTL membership as a badge of quality.”