Packager Positive Lending has partnered with peer-to-peer lender Assetz Capital as the pair look to ramp up commercial mortgage business.
Assetz Capital provides alternative loans to small-and-medium sized businesses and property developers in the UK, offering commercial mortgages, development finance, buy-to-let for landlords and residential refurbishment.
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, chief executive at Positive Lending, said: “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.”