Members of the Financial Intermediary and Broker Association (FIBA) can now access FutureBricks’ full proposition as it becomes the latest lender partner to join the trade body.
FutureBricks provides development and bridging finance for property development projects to SME housebuilders. It aims to deploy £1bn in the next two years in these areas, focusing on both new and experienced SME developers, including those who have not been able to access capital from mainstream lenders since the financial crisis of 2008.
Adam Tyler (pictured), executive chairman at FIBA, said: “I am absolutely delighted to announce that FutureBricks has joined FIBA’s lender panel. There are an increasing number of development finance opportunities for our members, alongside those in the short term space, so this is a really welcome addition.
“As a lender, FutureBricks is showing strong confidence in our membership and I am really looking forward to enhancing our relationship in the coming years.”
Gareth Ward, FutureBricks’ senior underwriter, added: “FutureBricks is already an innovator in the provision of bridging and development loans, specifically to SME developers and for more complex loan proposals. We recognise there is huge potential demand for our smaller value, shorter term bridging and development facilities and our quicker and fuss-free lending.
“By aligning ourselves with FIBA, we are now more easily identifiable to brokers and borrowers in this sector and we can expand our offering to a much wider group. We are pleased to take this step and look forward to discussing these upcoming opportunities.”
