Atelier raises maximum loan size to £40m

  • 22/11/2022
  • 0
Atelier raises maximum loan size to £40m
Development lender Atelier has increased its maximum loan size to £40m as its total lending capacity has risen.

The lender now has the capacity to lend £500m, and so has increased the maximum borrowing amount from £20m.  

Atelier said this was part of its plan to grow the scale and variety of its lending in the UK real estate market and continue to offer finance in the residential, student, care and commercial sectors. 

It has also made its range more flexible by extending the maximum loan term to three years, as well as introducing variable rate loans which are linked to the Bank of England’s base rate. 

Atelier’s interest rates have also been maintained despite the 0.75 per cent increase to the base rate at the start of the month. 

Graham Emmett, joint CEO at Atelier, said the lender had “cemented” its position as an “institutional grade lender” by investing in its team, technology and relationships. 

He added: “While the market is facing mounting headwinds, our strong liquidity profile and intelligent balance sheet management have allowed us to maintain our fixed rate offering at existing pricing, despite the Bank of England’s recent decision to raise base rate.  

“Our appetite to fund well-structured development opportunities remains as keen as ever.” 

Chris Gardner, joint CEO at Atelier, said the lender’s growth was a “testament to the skill and dedication” of its team. 

He said: “We’ve invested in our brand and in understanding what customers want from their development lender of choice – a trusted, expert partner able to provide certain deal execution, a competitive interest rate and ongoing support, right through to the successful completion of their scheme.” 

There are 0 Comment(s)

Leave a Reply

You may also be interested in