Finding the right development finance – free help has arrived
54% of SME property developers say that access to finance is one of the most challenging aspects of building, converting or refurbishing residential property. A free, easy to use online service can now help SMEs overcome this challenge.
The Panoptic platform launched this month, having selected a number of market leading lenders who provide property development finance, this fintech solution matches build projects with the right lenders. One of the selected lenders commented;
‘Close Brothers is delighted to be one of the chosen lenders on the Panoptic Platform. Along with numerous other headwinds that SME property developers have to contend with, the critical process of raising finance can often be one of the most challenging. We believe that Panoptic will be of considerable assistance to this vitally important sector of our economy by helping developers reach the funders that can support them, like us.’ Rowland Thomas; Director Close Brothers
The Panoptic Platform aims to source over £500m of development finance, contributing to the building of 5,000 new homes, circa 2% of the government target. www.panoptic.org.uk