Lender Atelier Capital Partners come to market with short-term lending and development finance products.
The company was co-founded by Keith Aldridge and Chris Gardner, who were formerly directors of specialist finance group Amicus Property Partners, which halted lending in December 2018 and fell into administration in January 2019.
Atelier is offering a range of short-term and development finance solutions of up to 24 months to professional small and medium-sized developers and property companies.
Chris Gardner, chief operating officer, Atelier Capital Partners, said: “Short-term property finance is one of the most dynamic sectors in the UK and has gone from strength to strength during the past decade.
“2020 is going to be an exciting year as we set out to establish ourselves as a trusted partner for intermediaries and property investors in search of institutional-grade specialist property finance.”
Atelier will focus on schemes and assets on brownfield sites that support urban regeneration and the ‘upcycling’ of UK real estate assets.
The company has committed over £25m of lending to date for land acquisition, light and heavy refurbishment, development, auction and more general commercial purposes.
The lender initially offers short-term loans from £500,000 up to £10m with retained, rolled and serviced interest options available.
William Nicoll, head of institutional fixed income, M&G Investments, said: “As the backbone to the UK economy, access to short-term finance is essential for small and medium-sized developers and property management companies to invest in and regenerate sites across the country.
“Providing institutional capital for this sector on a short-term basis will provide the sector with greater stability and we also expect it to generate income for our pension fund and institutional investors.”
