ASK launches new living sector product

ASK has launched a new lending product in response to the evolving debt market. With a minimum term of 6 months and minimum loan amount of £5 million, the product is aimed at built assets in the living sector and is not encumbered by a minimum ICR.

Elliot Blatt, Head of Origination at ASK said,

“We are very much responding to market demand with this product which we have designed specifically to support borrowers in what we are seeing as a recurring situation. By having a flexible underwriting approach and not enforcing a minimum ICR requirement we can provide a financing option that ensures our clients are able to continue to hold assets, as well as take time to sell or rent them at the right price and achieve their profit targets.”

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