A NETWORK for property professionals is set to deliver a £1 billion boost for the sector with the launch of an online portal for development funding.
UK Property Professionals (UKPP) – which has chapters in cities including Aberdeen, Edinburgh, Glasgow and London – has developed a database of lenders across the UK who are looking for investment opportunities from £100,000 up to £50 million.
Mark Antscherl, the founder of the UKPP network and the new website, UKdealroom.com, said the venture acted as a “dating site” for property developers and private investors seeking to finance them.
He said: “Each lender has their own specific lending criteria, and combined they offer a comprehensive range of private finance, including bridging finance, development finance, mezzanine finance and joint venture project funding.
“This is an extremely exciting new platform, which gives property professionals access to finance that is no longer available through the high-street banks”
The company said that finance is available for residential, commercial and land projects.