Assetz Capital Lending supports Amor Homes with CBILS loan
Assetz Capital Lending has supported property developer Amor Homes with a loan under the Coronavirus Business Interruption Loan Scheme (CBILS).
As a result of the £362,000 loan, Amor Homes was able to continue with the construction of four luxury family homes near Northwich in Cheshire.
The properties are expected to be completed by March 2021.
Amor Homes encountered disruption to the building project at the start of the pandemic; restrictions limited the number of construction personnel who were able to work at any given time, which slowed progress.
Dave Bracegirdle, founder of Amor Homes, said: “Assetz Capital ensured we still received capital to continue building work, which minimised some of the challenges presented by the pandemic.
“We were fortunate that we could continue. Our relationship director at Assetz Capital has always been very transparent, and he always seems to find a solution.
“The CBILS scheme from the government is fantastic, it’s been incredibly helpful to our business.”
Jason Roper, relationship director at Assetz Capital, said: “CBILS has been a lifeline to Amor Homes.
“Thankfully we’ve been able to continue building their scheme of luxury homes in a very sought-after location.
“It’s been a pleasure working with the directors to find a solution and help their business to navigate through the pandemic.
“I look forward to supporting them throughout 2021 and beyond to help grow their property portfolio.”