Member Article

Stockport's Assetz Capital tops £20 million lending mark

Twelve months since launching, Stockport-based peer-to-peer lending outfit Assetz Capital has broken the £20 million lending barrier.

The firm says it is on track to beat its target of lending £100 million by the end of 2014.

Major loans issues this year include £540k to develop a Cumbrian wind farm; £700k to a London-based furniture retailer, and £2.2 million to a London property developer.

Stuart Law, CEO of Assetz Capital, said: “Over the past 12 months, we’ve shown that our model – providing carefully-selected loans with tangible security – is what lenders want.

“Thanks to the senior lending team, high levels of security and market-leading returns, we’ve attracted thousands of investors investing anything from £20 to multi-million pound portfolios through Assetz Capital.

“This level of growth shows just how realistic our target of £100 million lent in 2014 is, and highlights the appetite for peer-to-peer lending among businesses and investors.”

This was posted in Bdaily's Members' News section by Tom Keighley .