Oblix Capital to enter Scottish market
By Tom BelgerOblix Capital has announced it will be expanding its bridging finance offering in Scotland
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The lender – founded in 2014 by experienced property developer Rishi Passi (pictured above) – has entered the Scottish lending market following a rapid period of growth.
In February, Oblix secured a new funding arrangement with NatWest to allow it to extend its lending capabilities by a further £25m.
Adam Powell, director of sales, revealed that the Scottish launch followed feedback and enquiries from clients.
“…We took the decision to expand our offering in Scotland to assist with the demand.
“We have been working hard to ensure that our products are in-line with our clients’ needs and we are really excited to now offer our competitive bridging rates to the Scottish market.
“We look forward to working with our brokers and assisting them with their clients’ requirements in this area.”
The news comes after fellow bridging lender Ashley Finance revealed that it would be launching an exclusive offering in Scotland.
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Source: Bridging & Commercial — https://bridgingandcommercial.co.uk/oblix-capital-to-enter-scottish-market