Sourced Capital, a leading UK property investment platform, has developed a loan pipeline of £12.350m just one month after becoming directly authorised by the Financial Conduct Authority (FCA).
The strong pipeline demonstrates the upcoming investment opportunities that Sourced Capital will provide investors, and the number of property developments Sourced Capital is helping to deliver across the country.
The pipeline consists of six projects of 89 residential units across Dorset, Somerset, Lancashire, and Greater Manchester, such as a one six-bedroom house in multiple occupation. The loans will be open for funding from this week.
“Our pipeline is growing quickly, and we are lending to support a wide range of property transactions including ground-up developments, conversions, and refurbishments. Whilst our sweet spot for lending is typically between £250,000 and £3m, we always assess each proposal on its individual merits, with the current pipeline clearly demonstrating our willingness to support quality transactions both above and below this range if they provide the right calibre of opportunities for our investors,” says Derek Pratt, Commercial Director, Sourced Capital.
Sourced Capital will continue to increase funding for viable residential property developments in the UK, and with a specific focus on more sustainable housing. It only funds projects below 70 per cent loan-to-value.
