Worcester-based Inksmoor Capital has been relaunched as Acuity Finance, bolstering access to funding for property development and finance to meet the needs of businesses and developers large and small.
The Severn Street firm is headed up by managing director Sarah Radley, who has accrued a wealth of experience in finance. Acuity Finance is a rebrand of Inksmoor Capital, a specialist in property finance, and aims to bring a fresh approach to lending with a new funding source and products that will help numerous businesses. The firm can help developers looking for loans for refurbishments and new developments, and businesses looking to solve cash flow issues or buy stock or equipment.
Ms Radley said: “The bridging market has remained buoyant throughout the pandemic and continues to gather pace, with the developer profile becoming more diverse. There is an influx of people who have exited businesses during the pandemic and have some investment funds, and also those using pension pots to explore development potential for a better return on their money.
“Locally, there is a huge amount of development going on, and there is much room for these smaller developers. However, it’s a group that is sometimes overlooked and not adequately catered for in the finance space, with the onus being on the bigger players. At the same time, there are many businesses that have survived pandemic-induced challenges and now may need funding to either help with cash flow, or to capitalise on opportunities.
“With a real need for finance solutions provision for these growing groups, at competitive rates, but more importantly, with the required speed of funding provision, Acuity is well placed to help. Every deal is looked at by an owner rather than an underwriter, negating multiple touchpoints on the deal, and increasing speed.
“As an owner-managed business, we can provide quick decisions. When it comes to bridging loans, we have an enviable professional support network comprising valuers and legal teams with specialist knowledge of the bridging market and a strong understanding of the acute importance of speed. We can get a deal on the table in as little as five working days.”
Acuity director Gareth Fawke said: “Our services are perfect for small developers and property portfolio owners, who want to leverage equity from their existing portfolio, and may need some fast additional funds. Similarly, we can help businesses with owned premises who want to leverage this to access cash for their business. Many lenders in this market work with developers and businesses which require a minimum of 500k loan, whereas we can help those looking for in the region of 100-500k.”
The Acuity Finance offering is nationwide, including across Scotland and Northern Ireland, where this type of offering is not common. The firm’s head office is based in Worcester, with a northern office in Beverley, East Yorkshire.