Assetz targets 1,000 new homes in Yorkshire and NE with new lending appointment.
Leading residential property development lender, Assetz Capital, has reappointed Matt Gray as relationship director, to spearhead expansion in Yorkshire and North East. The lender has already provided funding for delivery of 824 residential units in the regions.
Gray previously worked at Assetz Capital in 2021. He rejoins the lender from GB Bank, where he was head of relationship management. Gray brings over 15 years’ experience of property backed lending support to investors and developers.
As Assetz Capital looks to reach over 1,000 new build units regionally in Yorkshire and North East within the next 12-18 months, Gray will head up the lenders growth strategy to continue supporting Northern SME housebuilders and drive residential property development in the region.
Matt Gray, relationship director at Assetz Capital, said: “There’s a huge opportunity to fill the gap in the Yorkshire and North East market with a diverse range of development, refurb and commercial mortgage products. Housebuilding continues to be a priority across the region, and we recognise the importance of funding SME developers to meet this demand and drive growth. I look forward to driving forward Assetz growth in the regions.”
Andrew Fraser, chief commercial officer at Assetz Capital, said: “Scotland continues to be a good market for our traditional housebuilder and PBSA developer customers. We have funded over 824 units in the region, and now wish to push towards that 1,000 unit milestone within the next 12-18 months. Local developers require local contact and understanding of their market, it’s vital that we give them on the ground local support. This ensures developers get access to 72% LTGDV funding in every region of the UK with a local approach.”